Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 140

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 140
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1,000,000 RSUs and (ii) an initial one-time award of 1,000,000 PSUs.The Company has issued stock options, RSUs and PSUs to various other employees and non-employee directors of the Company in addition to non-employee service providers under the Company's equity incentive plans. As of December 31, 2024, there were approximately 10.5 million securities remaining available for future issuance under equity compensation plans.Stock Options The fair value of each stock option is estimated on the date of grant using the Black-Scholes option pricing model. Stock-based compensation expense related to stock options is based on the fair value on the date of grant and is amortized over the vesting period, generally between 1 to 4 years. Expected volatilities are based on historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of stock options granted is based on historical contractual life and the vesting data of the stock options. The risk-free rate for periods within the contractual life of the stock option is based on the U.S. Treasury yield curve in effect at the time of grant. There were no stock options granted during the years ended December 31, 2024, 2023, and 2022.The following is a summary of stock option activity: (in thousands, except exercise price data and contractual life data): 

        Options
         
        Number of Shares

        Weighted-Average Exercise Price

        Weighted-Average Remaining Contractual Life (Years)

        Aggregate Intrinsic Value

        Outstanding at December 31, 2021

        351

        $
        2.28

        0.99

        $
        1,577

        Exercised

        (91
        )

        1.71

        381

        Forfeited or cancelled

        -

        -

        -

        -

        Outstanding at December 31, 2022

        260

        2.48

        0.19

        605

        Exercised

        (260
        )

        2.48

        -

        933

        Forfeited or cancelled

        -

        -

        -

        -

        Outstanding at December 31, 2023

        -

        -

        -

        -

        Exercised

        -

        -

        -

        -

        Forfeited or cancelled