Christenson Michael J 4
4 · ENTRAVISION COMMUNICATIONS CORP · Filed Jul 3, 2023
Insider Transaction Report
Form 4
ENTRAVISION COMMUNICATIONS CORPNYSE:EVC
Christenson Michael J
DirectorChief Executive Officer
Transactions
- Award
Performance Units
2023-07-01+1,000,000→ 1,000,000 totalExp: 2028-07-01→ Class A common stock (1,000,000 underlying) - Award
Class A common stock
2023-07-01+1,000,000→ 1,000,000 total
Footnotes (3)
- [F1]Represents an award of 1,000,000 restricted stock units that vest as follows: (i) 20% on July 1, 2024; and (ii) the remaining 80% in eight equal semi-annual installments, with the first installment vesting six months after July 1, 2024 and the last installment vesting on July 1, 2028.
- [F2]Includes 1,000,000 restricted stock units.
- [F3]Each Performance Unit represents a contingent right to receive one share of the Company's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting over five years on the same timing as the restricted stock units described in footnote 1, and (ii) a market-based vesting condition based on total shareholder return hurdles in five equal tranches.