Entravision (NYSE: EVC) CFO exercises units, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entravision Communications CFO and COO Mark Boelke exercised performance-based equity awards and settled related taxes in stock. On June 17, 2026, he exercised Performance Units into 272,500 shares of Class A common stock and had 38,847 shares withheld at $9.40 per share to cover tax obligations. Following the tax-withholding transaction, he directly owned 1,383,588 shares of Class A common stock, reflecting a net increase in his equity stake and no open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
272,500 shares exercised/converted
Mixed
5 txns
Insider
Boelke Mark
Role
CFO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 100,000 | $0.00 | -- |
| Exercise | Performance Units | 172,500 | $0.00 | -- |
| Exercise | Class A common stock | 100,000 | $0.00 | -- |
| Exercise | Class A common stock | 172,500 | $0.00 | -- |
| Tax Withholding | Class A common stock | 38,847 | $9.40 | $365K |
Holdings After Transaction:
Performance Units — 0 shares (Direct, null);
Class A common stock — 1,249,935 shares (Direct, null)
Footnotes (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 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, each of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date. Includes 965,100 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, the final three of which were deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date. Includes 1,137,600 restricted stock units. Transaction represents a withholding of common stock to satisfy tax withholding obligation due to the time vesting on June 17, 2026 of 100,000 Performance Units dated January 25, 2024 and 172,500 Performance Units dated January 21, 2025. Includes 1,063,100 restricted stock units.
Key Figures
Shares acquired via exercises: 272,500 shares
Shares withheld for taxes: 38,847 shares
Holding after tax withholding: 1,383,588 shares
+5 more
8 metrics
Shares acquired via exercises
272,500 shares
Performance Unit exercises into Class A common stock on June 17, 2026
Shares withheld for taxes
38,847 shares
Tax withholding disposition at $9.40 per share on June 17, 2026
Holding after tax withholding
1,383,588 shares
Direct Class A common stock ownership following tax-withholding transaction
First Performance Unit tranche
172,500 units
Converted into Class A common stock; dated January 21, 2025
Second Performance Unit tranche
100,000 units
Converted into Class A common stock; dated January 25, 2024
Tax withholding price
$9.40 per share
Price used for 38,847-share tax-withholding disposition
Performance Units expiration 1
January 21, 2030
Expiration date for 172,500 Performance Units now exercised
Performance Units expiration 2
January 25, 2029
Expiration date for 100,000 Performance Units now exercised
Key Terms
Performance Units, restricted stock units, tax withholding obligation, total shareholder return
4 terms
Performance Units financial
"Each Performance Unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting."
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
"Includes 965,100 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.
tax withholding obligation financial
"Transaction represents a withholding of common stock to satisfy tax withholding obligation due to the time vesting on June 17, 2026..."
FAQ
What did Entravision (EVC) CFO Mark Boelke report in this Form 4?
Mark Boelke reported exercising Performance Units into Class A common stock and settling related taxes in shares. On June 17, 2026, he acquired 272,500 shares through derivative exercises and had 38,847 shares withheld to cover tax obligations tied to vesting equity awards.
What are Performance Units in the Entravision (EVC) Form 4 filing?
Each Performance Unit represents a contingent right to receive one Entravision Class A share upon vesting. Vesting combines time-based schedules and market-based total shareholder return hurdles, with tranches deemed achieved by the Compensation Committee as of the June 17, 2026 transaction date.