STOCK TITAN

Entravision (EVC) CEO exercises performance units to add 1.36M common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ENTRAVISION COMMUNICATIONS CORP Chief Executive Officer Michael J. Christenson exercised performance-based equity awards and acquired additional common shares. On the reported date, he exercised derivative securities and received a total of 1,358,750 shares of Class A common stock, with no open-market purchases or sales reported. Following these transactions, he directly owns 4,348,420 shares of Class A common stock. The footnotes explain that each Performance Unit converts into one share upon vesting, based on a mix of time-based schedules and market-based total shareholder return hurdles, with specified tranches deemed achieved by the board’s compensation committee.

Positive

  • None.

Negative

  • None.
Insider Christenson Michael J
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Performance Units 600,000 $0.00 --
Exercise Performance Units 558,750 $0.00 --
Exercise Performance Units 200,000 $0.00 --
Exercise Class A common stock 600,000 $0.00 --
Exercise Class A common stock 558,750 $0.00 --
Exercise Class A common stock 200,000 $0.00 --
Holdings After Transaction: Performance Units — 400,000 shares (Direct, null); Class A common stock — 4,348,420 shares (Direct, null)
Footnotes (1)
  1. 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 July 1, 2024 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 five equal tranches, the first three of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date. Includes 3,946,250 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 of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date. Includes 4,505,000 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, 2027 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 of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date. Includes 4,705,000 restricted stock units.
Shares acquired via exercises 1,358,750 shares Total exerciseShares from M-code transactions on Class A common stock
Direct holdings after transactions 4,348,420 shares Class A common stock directly owned following latest reported transaction
Exercise transaction count 3 transactions Non-derivative entries with code M on Class A common stock
Performance Unit exercises 1,358,750 units Three derivative M-code transactions converting Performance Units into common shares
Restricted stock units (F2) 3,946,250 units Footnote F2 states this number of restricted stock units is included
Restricted stock units (F4) 4,505,000 units Footnote F4 states this number of restricted stock units is included
Restricted stock units (F6) 4,705,000 units Footnote F6 states this number of restricted stock units is included
Performance Unit financial
"Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting."
restricted stock units financial
"Includes 3,946,250 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
total shareholder return financial
"a market-based vesting condition based on total shareholder return hurdles in five equal tranches"
Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.
Class A common stock financial
"Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Christenson Michael J

(Last)(First)(Middle)
C/O ENTRAVISION COMMUNICATIONS CORP
1 ESTRELLA WAY

(Street)
BURBANK CALIFORNIA 91504

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ENTRAVISION COMMUNICATIONS CORP [ EVC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A common stock06/17/2026M600,000A(1)4,348,420(2)D
Class A common stock06/17/2026M558,750A(3)4,907,170(4)D
Class A common stock06/17/2026M200,000A(5)5,107,170(6)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Units(1)06/17/2026M600,000 (1)07/01/2028Class A common stock600,000$0400,000D
Performance Units(3)06/17/2026M558,750 (3)01/21/2030Class A common stock558,750$00D
Performance Units(5)06/17/2026M200,000 (5)01/21/2031Class A common stock200,000$00D
Explanation of Responses:
1. 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 July 1, 2024 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 five equal tranches, the first three of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
2. Includes 3,946,250 restricted stock units.
3. 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 of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
4. Includes 4,505,000 restricted stock units.
5. 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, 2027 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 of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
6. Includes 4,705,000 restricted stock units.
/s/ Jeffrey C. DeMartino by power of attorney for Michael Christenson06/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did EVC CEO Michael J. Christenson report in this Form 4?

He reported exercises of performance-based equity awards that delivered new Class A common shares. These were derivative exercises, not open-market trades, and increased his directly held position in Entravision Communications common stock as shown in the filing.

How many Entravision (EVC) shares did the CEO acquire in these transactions?

He acquired 1,358,750 shares of Class A common stock through exercises of derivative securities. This total comes from multiple M-code transactions classified as “Exercise or conversion of derivative security” in the Form 4 transaction summary.

How many Entravision (EVC) shares does the CEO hold after these exercises?

After the reported transactions, Michael J. Christenson directly owns 4,348,420 shares of Class A common stock. This post-transaction balance is disclosed in the Form 4 table as the total shares following the latest reported transaction.

Were there any open-market buys or sales of EVC stock in this Form 4?

No open-market buys or sales were reported. All transactions carry the M code for “Exercise or conversion of derivative security,” and the filing’s transaction summary shows zero buy and sell shares, indicating only derivative exercises occurred.

What are Performance Units in the Entravision (EVC) CEO’s equity awards?

Each Performance Unit represents a contingent right to receive one share of Class A common stock upon vesting. Vesting depends on both time-based schedules and market-based total shareholder return hurdles, with certain tranches deemed achieved by the compensation committee.

What do the restricted stock unit amounts in the EVC Form 4 footnotes mean?

The footnotes state that certain award lines include 3,946,250, 4,505,000, and 4,705,000 restricted stock units. These figures describe components of the CEO’s broader equity awards structure, separate from the specific Performance Unit exercises reported in this Form 4.