Boelke Mark 4
4 · ENTRAVISION COMMUNICATIONS CORP · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Entravision (EVC) CFO Mark Boelke Converts 272,500 Performance Units
What Happened
Mark Boelke, Entravision Communications Corp.'s CFO and COO, had performance units vest on June 17, 2026, converting into 272,500 shares of Class A common stock (100,000 and 172,500 units from two separate grants). The filing shows 38,847 shares were withheld to satisfy tax withholding at $9.40 per share, totaling approximately $365,162. The conversion entries are recorded as derivative exercises/conversions (code M) and the share withholding is recorded as a tax payment/withholding (code F).
Key Details
- Transaction date: June 17, 2026; Form 4 filed June 22, 2026 (filed 5 days after the transaction — appears late vs. the usual 2-business-day Form 4 deadline).
- Converted/vested: 272,500 performance units (100,000 from grant dated Jan 25, 2024; 172,500 from grant dated Jan 21, 2025).
- Withheld for taxes: 38,847 shares at $9.40/share = $365,162 (reported as a disposition to satisfy tax obligations).
- Filing notes: Market-based vesting hurdles for the tranches were deemed achieved by the Compensation Committee as of the transaction date (see footnotes F1 and F3). Footnotes also reference restricted stock unit totals in the reporting schedules (see F2, F4, F6).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
This was a vesting/conversion of performance awards, not an open-market sale or purchase. The withholding of shares to cover taxes is a routine disposition (common when awards vest) and does not necessarily indicate a change in insider sentiment. The filing’s timing suggests it was submitted later than the standard Form 4 window, which is worth noting for timeliness.
Insider Transaction Report
- Exercise/Conversion
Class A common stock
[F1][F2]2026-06-17+100,000→ 1,249,935 total - Exercise/Conversion
Class A common stock
[F3][F4]2026-06-17+172,500→ 1,422,435 total - Tax Payment
Class A common stock
[F5][F6]2026-06-17$9.40/sh−38,847$365,162→ 1,383,588 total - Exercise/Conversion
Performance Units
[F1]2026-06-17−100,000→ 0 totalExp: 2029-01-25→ Class A common stock (100,000 underlying) - Exercise/Conversion
Performance Units
[F3]2026-06-17−172,500→ 0 totalExp: 2030-01-21→ Class A common stock (172,500 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 January 25, 2025 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.
- [F2]Includes 965,100 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, the final three of which were deemed achieved by the Compensation Committee of the Board of Directors as of the transaction date.
- [F4]Includes 1,137,600 restricted stock units.
- [F5]Transaction represents a withholding of common stock to satisfy tax withholding obligation due to the time vesting on June 17, 2026 of 100,000 Performance Units dated January 25, 2024 and 172,500 Performance Units dated January 21, 2025.
- [F6]Includes 1,063,100 restricted stock units.