Navarro Juan 4
Research Summary
AI-generated summary
Entravision (EVC) CRO Juan Navarro Sells 1,051 Shares to Cover Taxes
What Happened
- Juan Navarro, Chief Revenue Officer of Entravision Communications Corp. (EVC), had 1,051 shares withheld (disposed) to satisfy tax withholding related to the vesting of performance units. The shares were recorded at $3.25 each for a total value of $3,416. This was a routine tax-withholding disposition rather than an open-market sale or purchase.
Key Details
- Transaction date: January 21, 2026; filing date: January 23, 2026 (filed within the normal Form 4 timeframe).
- Price: $3.25 per share; Shares withheld/disposed: 1,051; Total value reported: $3,416.
- Transaction code: F — withholding to satisfy tax obligations on vesting.
- Footnote F1: Withholding relates to the time-based vesting on Jan 21, 2026 of 2,250 Performance Units granted Jan 21, 2025.
- Footnote F2: Filing notes 191,500 restricted stock units are included in the reported ownership figures (total shares owned after the transaction not specified in the summary provided).
- Footnote F3: Each Performance Unit is a contingent right to receive one share upon vesting; vesting combines time-based and market-based (total shareholder return) conditions.
Context
- This was a tax-withholding (cashless) disposition tied to vested performance units, a common administrative step that does not necessarily indicate buying or selling intent by the insider.
- Performance units vest in tranches: 20% on Jan 21, 2026, then additional time-based installments plus market-condition tranches, per the footnote.