Christenson Michael J 4/A

What Happened
Michael J. Christenson, CEO of Entravision Communications Corp. (EVC), was awarded 1,200,000 restricted stock units (RSUs) on January 15, 2026 (no cash paid; reported value $0). The Form 4 also reports the exercise/conversion of 186,250 performance-unit derivatives (resulting in shares reported as acquired) and a corresponding 186,250-derivative disposition reported at $0 (reflecting conversion). An amended filing adds an additional grant of 200,000 Performance Units. All awards/ conversions were reported on the Form 4 filed Jan 23, 2026 (reporting period Jan 15, 2026).

Key Details

• Transaction date: January 15, 2026; Form 4 filed (amended) Jan 23, 2026.
• Primary award: 1,200,000 RSUs (F1) — vesting 25% each on Dec 20 of 2026, 2027, 2028 and 2029. Reported as granted at $0.
• Derivative activity: 186,250 shares reported acquired via exercise/conversion (M) and 186,250 shares reported disposed as a derivative at $0 (reflecting conversion mechanics).
• Additional grant: Amended filing adds 200,000 Performance Units (F6).
• Holdings called out in footnotes: references to large RSU totals (e.g., 3,160,000 and 3,346,250 restricted stock units in F2 and F4).
• Vesting conditions: several grants are time-based plus market-based (total shareholder return) performance hurdles; one market tranche was achieved as of the transaction date (see F3).
• No cash purchase or open-market sale reported — these are awards and derivative conversions, not purchases or sales by open-market transaction.

Context

• These are equity awards and performance-unit conversions, which typically vest over time and may be subject to market-based performance conditions — they are not immediate insider "buys" or "sells" indicating current market sentiment.
• The amended Form 4 adds the 200,000 Performance Units to an earlier filing (see F6). Footnotes (F1–F7) describe detailed vesting schedules and performance conditions; consult the full filing for precise vesting triggers and totals.
• For retail investors: award grants increase potential future share dilution and indicate long-term incentive alignment, but do not by themselves signal a buy or sell decision.