Entravision (EVC) CFO awarded 500,000 RSUs and converts 57,500 units
Rhea-AI Filing Summary
Entravision Communications’ Chief Financial Officer Mark Boelke reported new equity awards and vesting activity in the company’s Class A common stock. On January 15, 2026, he received an award of 500,000 restricted stock units, with 25% scheduled to vest on each of December 20, 2026, 2027, 2028 and 2029. The award was recorded at a price of $0 per share, reflecting a stock-based compensation grant rather than a market purchase.
On the same date, 57,500 Performance Units were converted (transaction code M) into 57,500 shares of Class A common stock at $0 per share. Each Performance Unit represents a contingent right to one share, subject to both time-based vesting and a market-based total shareholder return condition, with 20% vesting on January 21, 2026 and 10% vesting every six months thereafter in eight installments. After these transactions, Boelke beneficially owned 1,155,852 shares of Class A common stock and 272,500 Performance Units, which include substantial restricted stock unit components.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 57,500 | $0.00 | -- |
| Grant/Award | Class A common stock | 500,000 | $0.00 | -- |
| Exercise | Class A common stock | 57,500 | $0.00 | -- |
Footnotes (1)
- Represents an award of 500,000 restricted stock units that vests as follows: (i) 25% on December 20, 2026; (ii) 25% on December 20, 2027; (iii) 25% on December 20, 2028; and (iv) 25% on December 20, 2029. Includes 819,100 restricted stock units. Each Performance Unit represents a contingent right to receive one share of the Company'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. Includes 876,600 restricted stock units.