Boelke Mark 4

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.