Christenson Michael J 4
4 · ENTRAVISION COMMUNICATIONS CORP · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Entravision (EVC) CEO Michael Christenson Exercises 1.36M Performance Units
What Happened
Michael J. Christenson, CEO of Entravision Communications Corp. (EVC), converted a total of 1,358,750 derivative awards into Class A common shares on June 17, 2026. The filing shows three conversions: 600,000; 558,750; and 200,000 units. The transactions list the acquired shares with no cash price disclosed (N/A) and the derivative disposition recorded at $0.00 — indicating conversion/vesting of performance units/restricted units rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed 5 calendar days / 3 business days after the transaction).
- Shares acquired (converted): 600,000 + 558,750 + 200,000 = 1,358,750 shares. Disposition entries show $0.00 for the surrendered derivative instruments.
- Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.
- Footnotes: filings describe these as Performance Units that vest by a mix of time- and market-based conditions; Compensation Committee deemed multiple market-based tranches achieved as of the transaction date. Related footnotes also reference large totals of restricted stock units (3,946,250; 4,505,000; 4,705,000) in the filing.
- Transaction code: M (exercise or conversion of derivative). Disposition code indicates surrender of derivative instruments (F).
Context
This was a conversion/vesting event (performance units/RSUs converting into common stock), not an open-market sale or purchase. The $0.00 disposition entries reflect surrender/settlement of vested awards rather than proceeds received. Such conversions are routine when performance/time vesting conditions are met; they do not necessarily signal a buy or sell view by the insider. Note the Form 4 was filed a few business days after the transaction date, which is later than the typical two-business-day reporting window.
Insider Transaction Report
- Exercise/Conversion
Class A common stock
[F1][F2]2026-06-17+600,000→ 4,348,420 total - Exercise/Conversion
Class A common stock
[F3][F4]2026-06-17+558,750→ 4,907,170 total - Exercise/Conversion
Class A common stock
[F5][F6]2026-06-17+200,000→ 5,107,170 total - Exercise/Conversion
Performance Units
[F1]2026-06-17−600,000→ 400,000 totalExp: 2028-07-01→ Class A common stock (600,000 underlying) - Exercise/Conversion
Performance Units
[F3]2026-06-17−558,750→ 0 totalExp: 2030-01-21→ Class A common stock (558,750 underlying) - Exercise/Conversion
Performance Units
[F5]2026-06-17−200,000→ 0 totalExp: 2031-01-21→ Class A common stock (200,000 underlying)
Footnotes (6)
- [F1]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 July 1, 2024 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 five equal tranches, the first three of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
- [F2]Includes 3,946,250 restricted stock units.
- [F3]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, each of which was deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
- [F4]Includes 4,505,000 restricted stock units.
- [F5]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, 2027 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.
- [F6]Includes 4,705,000 restricted stock units.