Christenson Michael J 4

What Happened
Michael J. Christenson, CEO of Entravision Communications Corp. (EVC), received an award of 1,200,000 restricted stock units (RSUs) on January 15, 2026 (grant priced at $0). The filing also shows conversion/exercise activity on the same date: an acquisition entry for 186,250 shares via exercise/conversion of derivatives (code M) and a matching disposition entry for 186,250 shares reported at $0 (derivative). No cash purchase or market sale proceeds are shown for the award (value reported $0).

Key Details

• Transaction date(s): January 15, 2026; Form 4 filed January 20, 2026.
• Awards: 1,200,000 RSUs granted (reported $0).
• Derivative activity: 186,250 shares acquired via exercise/conversion (code M) and 186,250 shares disposed at $0 (derivative entry) on the same date.
• Shares owned after transaction: not explicitly provided in the summary data supplied here—see the filed Form 4 for the exact beneficial ownership total.
• Relevant footnotes from the filing:
  • F1: 500,000 RSUs vest 25% each year on Dec 20, 2026–2029.
  • F2: Notes inclusion of 3,160,000 RSUs (as reported in the filing).
  • F3: Performance Units convert 1:1 to Class A shares on vesting; vesting is a mix of time-based (20% on Jan 21, 2026, then 10% every six months) and market-based TSR hurdles; first market tranche was met as of the transaction date.
  • F4: Notes inclusion of 3,346,250 RSUs (as reported in the filing).
  • F5: Another Performance Unit schedule: 20% vested July 1, 2024, then 10% every six months, with market-based TSR hurdles in five tranches.
• Timeliness: filing date is Jan 20 reporting Jan 15 transactions; consult the Form 4 for official timeliness notation.

Context

• The "A" code reflects an award/grant of RSUs (typically a compensation award, not a cash purchase).
• The "M" codes indicate exercise/conversion of derivative securities (e.g., performance units or other convertible awards). A matched disposition at $0 commonly reflects a non-cash settlement/transfer related to the conversion (see the filing for details); it does not necessarily indicate an open-market sale.
• These awards and conversions are compensation/vesting-related actions rather than open-market purchases or traditional sales; they should be interpreted as equity compensation events rather than a direct buy/sell signal.