Entravision (NYSE: EVC) CRO has shares withheld to cover taxes
Rhea-AI Filing Summary
Entravision Communications Chief Revenue Officer Juan Navarro reported a routine tax-related share withholding. On January 21, 2026, 1,051 shares of Class A common stock were withheld at $3.25 per share to satisfy tax obligations tied to the time-vesting of 2,250 Performance Units granted on January 21, 2025.
After this withholding, Navarro beneficially owned 355,849 shares of Class A common stock, including 191,500 restricted stock units. He also held 33,750 Performance Units, each representing a contingent right to receive one share of Class A common stock, subject to both time-based vesting and market-based total shareholder return hurdles.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common stock | 1,051 | $3.25 | $3K |
| holding | Performance Units | -- | -- | -- |
Footnotes (3)
- F1. Transaction represents a withholding of common stock to satisfy tax withholding obligation due to the time vesting on January 21, 2026 of 2,250 Performance Units dated January 21, 2025.
- F2. Includes 191,500 restricted stock units.
- F3. Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on January 21, 2026 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in four equal tranches.
FAQ
Was the Entravision (EVC) insider transaction an open-market sale?
No. The transaction code "F" indicates a share withholding to satisfy tax withholding obligations, not a discretionary open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.