Entravision (EVC) CEO Michael Christenson Converts 200,000 Performance Units

What Happened

• Michael J. Christenson, CEO of Entravision Communications Corp. (EVC), reported the exercise/conversion of 200,000 derivative awards on 2026-09-16. The filing shows 200,000 shares acquired on conversion and an equal 200,000 shares disposed at a $0 reported price. No cash proceeds are reported on the Form 4.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (appears timely).
• Transaction code: M (exercise or conversion of a derivative).
• Shares acquired on conversion: 200,000 (price N/A). Shares disposed: 200,000 at $0 (reported as derivative).
• Footnote F1: These were performance units that convert to one share each upon vesting; vesting combines time-based schedules and market-based TSR hurdles. The filing notes the fourth market-based tranche was deemed achieved as of the transaction date.
• Footnote F2: The filing also notes 4,905,000 restricted stock units are included in reported holdings (the form does not list total shares owned after this specific conversion).

Context

• This was a conversion/vesting event of performance units rather than an open-market purchase or sale for cash. The immediate reported disposition at $0 is noted on the form; the filing itself does not explain the reason for the $0 disposition (forms sometimes report $0 when shares are withheld/cancelled to satisfy taxes or other requirements). As with other vesting/conversion events, this is informational about compensation realization rather than an explicit buy/sell signal.