Entravision (EVC) CFO reports tax share withholding and large performance unit grants
Rhea-AI Filing Summary
Entravision Communications Corp.’s Chief Financial Officer reported an insider equity transaction and updated equity awards. On December 20, 2025, the officer had 93,221 shares of Class A common stock withheld at $3.18 per share to cover taxes triggered by the vesting of several prior restricted stock unit grants. After this withholding, the officer beneficially owns 598,352 Class A shares, which include 319,100 restricted stock units.
The filing also reports derivative awards in the form of performance units tied to Class A common stock. One grant covers 230,000 performance units scheduled to begin time-based vesting on January 21, 2026, and another covers 100,000 performance units beginning time-based vesting on January 25, 2025. In both cases, each performance unit can convert into one share upon vesting, subject to a combination of time-based vesting and market-based total shareholder return hurdles.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A common stock | 93,221 | $3.18 | $296K |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Footnotes (1)
- Transaction represents a withholding of common stock to satisfy tax withholding obligation due to the vesting on December 20, 2025 of 37,500 restricted stock unit grants dated December 14, 2022, 41,650 restricted stock unit grants dated February 14, 2023, 25,000 restricted stock unit grants dated January 25, 2024, and 75,000 restricted stock unit grants dated January 21, 2025. Includes 319,100 restricted stock units. 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. 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 25, 2025 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
What insider transaction did Entravision Communications (EVC) report in this Form 4?
The Chief Financial Officer reported a transaction on December 20, 2025 in which 93,221 shares of Class A common stock were withheld at $3.18 per share to satisfy tax withholding obligations related to vesting restricted stock units.
What restricted stock units vested for the Entravision (EVC) officer on December 20, 2025?
The vesting on December 20, 2025 covered 37,500 restricted stock units granted on December 14, 2022, 41,650 units granted on February 14, 2023, 25,000 units granted on January 25, 2024, and 75,000 units granted on January 21, 2025.
What performance unit awards tied to Entravision (EVC) stock are reported?
The officer holds performance units convertible into Entravision Class A common stock, including 230,000 performance units with an expiration date of January 21, 2030 and 100,000 performance units with an expiration date of January 25, 2029, each representing the right to receive one share upon vesting.
How do Entravision (EVC) performance units for the officer vest?
For both performance unit grants, vesting is based on a mix of time and performance. Time-based vesting provides 20% vesting on the initial vesting date (January 21, 2026 or January 25, 2025, respectively) and 10% every six months thereafter in eight equal installments, combined with a market-based vesting condition tied to total shareholder return hurdles in four equal tranches.
What role does the reporting person hold at Entravision Communications (EVC)?
The reporting person is an officer of Entravision Communications Corp., serving as the company’s Chief Financial Officer.