Entravision (NYSE: EVC) CRO gets 100,000 RSUs and 11,250 units convert
Rhea-AI Filing Summary
Entravision Communications Corp’s Chief Revenue Officer Juan Navarro reported new equity awards and a related vesting event. On 01/15/2026, he received an award of 100,000 restricted stock units of Class A common stock at a grant price of $0. According to the filing, these units vest 25% each on December 20 of 2026, 2027, 2028 and 2029.
The same day, 11,250 Performance Units were converted (code M) into 11,250 shares of Class A common stock at $0 per share, increasing his directly held Class A common stock to 356,900 shares after the transactions. Each Performance Unit represents a contingent right to one share, with vesting based on a mix of time-based schedules starting on 01/21/2026 and market-based total shareholder return hurdles. Following the derivative transaction, Navarro held 33,750 Performance Units directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 11,250 | $0.00 | -- |
| Grant/Award | Class A common stock | 100,000 | $0.00 | -- |
| Exercise | Class A common stock | 11,250 | $0.00 | -- |
Footnotes (1)
- Represents an award of 100,000 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 182,500 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 193,750 restricted stock units.
FAQ
How do the new 100,000 restricted stock units for EVC’s CRO vest?
The 100,000 restricted stock units awarded to Juan Navarro vest in four equal tranches: 25% on December 20, 2026; 25% on December 20, 2027; 25% on December 20, 2028; and 25% on December 20, 2029.
What are Performance Units in the EVC Form 4 and how do they vest?
Each Performance Unit gives a contingent right to receive one share of Entravision Class A common stock upon vesting. Vesting combines time-based vesting—20% on 01/21/2026 and 10% every six months thereafter in eight equal installments—and a market-based vesting condition tied to total shareholder return hurdles in four equal tranches.
How many Performance Units did EVC’s CRO hold after the Form 4 transactions?
Following the conversion of 11,250 Performance Units on 01/15/2026, Juan Navarro held 33,750 Performance Units directly, as reported in the derivative securities table.