Juan Saldivar - Jan 25, 2024 Form 4 Insider Report for ENTRAVISION COMMUNICATIONS CORP (EVC)

Role
Chief Strategy & Bus Dev Off
Signature
/s/ Jeffrey C. DeMartino by power of attorney for Juan Saldivar von Wuthenau
Stock symbol
EVC
Transactions as of
Jan 25, 2024
Transactions value $
$0
Form type
4
Date filed
2/7/2024, 08:00 AM
Previous filing
Dec 22, 2023
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVC Class A common stock Award $0 +100K +17.67% $0.00 666K Jan 25, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EVC Performance Units Award $0 +100K $0.00 100K Jan 25, 2024 Class A common stock 100K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 100,000 restricted stock units that vests as follows: (i) 25% on December 20, 2024; (ii) 25% on December 20, 2025; (iii) 25% on December 20, 2026; and (iv) 25% on December 20, 2027.
F2 Includes 413,350 restricted stock units. The reporting person also has direct ownership of 252,498 shares of Class A common stock.
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, 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.