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ENTRAVISION COMMUNICATIONS CORP — Director's Dealing 2024
Feb 7, 2024
33642_dirs_2024-02-07_35a3a109-7085-40e5-bafe-4819ce1ed460.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ENTRAVISION COMMUNICATIONS CORP (EVC)
CIK: 0001109116
Period of Report: 2024-01-25
Reporting Person: JEFFERY LIBERMAN A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-25 | Class A common stock | A | 100000 | — | Acquired | 577299 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-25 | Performance Units | $ | A | 100000 | Acquired | 2029-01-25 | Class A common stock (100000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A common stock | 254390 | Indirect |
Footnotes
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 432,100 restricted stock units and 145,199 shares of Class A common stock. The reporting person also has indirect beneficial ownership of 254,390 shares of Class A common stock held by a family trust.
F3: On December 22, 2023, the Reporting Person filed a Form 4 that inadvertently contained a clerical error in the amount of securities beneficially owned following the reported transaction. That amount is corrected in this Form 4.
F4: Excludes 145,199 shares of Class A common stock and 432,100 restricted stock units directly owned by the reporting person.
F5: 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.