Michael J. Christenson, Chief Executive Officer and Director of Entravision Communications Corp, filed a statement of changes in beneficial ownership on September 18, 2026, reporting a transaction dated September 16, 2026, involving the conversion of performance units into Class A common stock.

Key Highlights

  • Transaction type: 200,000 Performance Units were converted (transaction code M) into Class A common stock on September 16, 2026.
  • Resulting ownership: Following the transaction, Christenson beneficially owned 5,307,170 shares of Class A common stock directly, including 4,905,000 restricted stock units.
  • Price of derivative security: The Performance Units were acquired at a price of $0.00 per unit upon conversion.
  • Market-based vesting milestone: The Compensation Committee deemed the fourth of five equal tranches of the total shareholder return hurdle achieved as of the transaction date.
  • Expiration date of derivative: The Performance Units carried an expiration date of July 01, 2028.
  • Filing signed: Jeffrey C. DeMartino signed the filing by power of attorney on behalf of Michael Christenson on September 18, 2026.

Performance Unit Vesting Details for Entravision's CEO

According to the filing, Entravision Communications Corp (NYSE:EVC) CEO Michael J. Christenson converted 200,000 Performance Units into an equal number of shares of the company's Class A common stock. Each Performance Unit, as described in the filing's footnotes, "represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting." Entravision is a media company whose Class A common stock is listed on the NYSE under the ticker EVC.

The filing discloses that vesting of the Performance Units operates under a dual condition: a time-based component, with 20% vesting on July 1, 2024 and 10% vesting every six months thereafter in eight equal installments, and a market-based component tied to total shareholder return hurdles structured in five equal tranches. The Compensation Committee of the Board of Directors determined that the fourth of those five tranches was achieved as of the September 16, 2026 transaction date. The remaining 200,000 derivative securities continue to be held directly following the reported transaction, according to the filing.

After the conversion, Christenson's directly held beneficial ownership stood at 5,307,170 shares of Class A common stock, a figure that the filing notes includes 4,905,000 restricted stock units. The filing was submitted by Jeffrey C. DeMartino acting under a power of attorney for Christenson, and was dated September 18, 2026.

What Was Disclosed

The filing reported Christenson's conversion of 200,000 Performance Units into Class A common stock at $0.00 per unit on September 16, 2026, triggered in part by the Compensation Committee's determination that a market-based vesting condition had been met, bringing his total direct beneficial ownership to 5,307,170 shares.