Entravision (NYSE: EVC) CEO gets 1.2M-share award, exercises units
Rhea-AI Filing Summary
Entravision Communications’ Chief Executive Officer Michael J. Christenson reported equity compensation activity dated January 15, 2026. He exercised 186,250 Performance Units, receiving an equal number of Class A common shares, and was granted 1,200,000 Class A common shares. A separate Performance Unit award remains outstanding covering 1,000,000 underlying Class A shares expiring July 1, 2028. Footnotes describe time- and market-based vesting conditions tied to total shareholder return hurdles.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,386,250 shares
Net Buy
4 txns
Insider
Christenson Michael J
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 186,250 | $0.00 | $0.00 |
| Grant/Award | Class A common stock | 1,200,000 | $0.00 | $0.00 |
| Exercise | Class A common stock | 186,250 | $0.00 | $0.00 |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Performance Units — 1,758,750 shares (Direct);
Class A common stock — 3,748,420 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Includes 3,160,000 restricted stock units.
- F3. Each Performance Unit represented 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, the first of which was achieved as of the transaction date.
- F4. Includes 3,346,250 restricted stock units.
- F5. 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 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.
Key Figures
Class A shares granted: 1,200,000 shares
Performance Units exercised: 186,250 units
Shares received from exercise: 186,250 Class A shares
+3 more
6 metrics
Class A shares granted
1,200,000 shares
Grant/award acquisition of Class A common stock on January 15, 2026
Performance Units exercised
186,250 units
Exercise or conversion of Performance Units into Class A shares on January 15, 2026
Shares received from exercise
186,250 Class A shares
One Class A share received for each Performance Unit exercised
Outstanding Performance Units underlying shares
1,000,000 shares
Underlying Class A shares for remaining Performance Units expiring July 1, 2028
Exercise price of Performance Units
$0.00 per unit
Reported conversion or exercise price for Performance Units
Expiration date of remaining Performance Units
July 1, 2028
Expiration date for outstanding Performance Unit award
Key Terms
Performance Units, restricted stock units, market-based vesting condition, total shareholder return hurdles
4 terms
Performance Units financial
"Each Performance Unit represented a contingent right to receive one share"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
restricted stock units financial
"Represents an award of 500,000 restricted stock units that vests"
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.
market-based vesting condition financial
"vest by a combination of both time-based vesting and a market-based vesting condition"
FAQ
What insider equity transactions did EVC’s CEO report on January 15, 2026?
On January 15, 2026, EVC CEO Michael J. Christenson reported exercising 186,250 Performance Units into Class A shares and receiving a grant of 1,200,000 Class A common shares. He also reports an outstanding Performance Unit award linked to 1,000,000 underlying shares.
What Performance Units did the EVC CEO exercise and what did he receive?
Michael J. Christenson exercised 186,250 Performance Units, each convertible into one share of Class A common stock, receiving 186,250 Class A shares. The transaction is recorded with an exercise or conversion price of $0.00 per unit.
Does the EVC CEO still hold Performance Units after these transactions?
Yes. A reported Performance Unit award remains outstanding, tied to 1,000,000 underlying shares of Class A common stock and expiring on July 1, 2028. Vesting is subject to time-based schedules and market-based total shareholder return hurdles.
What vesting conditions apply to the EVC CEO’s Performance Units and RSUs?
Footnotes describe Performance Units and restricted stock units that vest through time-based schedules and market-based total shareholder return hurdles. Examples include vesting beginning July 1, 2024 and December 20, 2026, with additional portions vesting in semiannual or annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
