Company: EVC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058293
Chunk: 40

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 40
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 As noted above, the time-based vesting conditions create an additional vesting condition that must be satisfied in addition to the stock price hurdles for awards to vest. 2024 Annual Equity Incentive Awards for Other Named Executive Officers The Compensation Committee used Mr. Christenson’s 2023 new hire equity award structure as its model for other named executive officer equity grants in 2024. The purpose was to align the other officers with shareholders and to provide such officers similar incentives as the CEO. Accordingly, the Compensation Committee determined that 50% of the equity compensation to our named executive officers in 2024 (other than Mr. Christenson) would be in the form of restricted stock units subject to a five-year time-based vesting schedule, and the remaining 50% of such equity compensation would be in the form of performance units with price hurdles that must be achieved within five years (plus an underlying time-vesting condition that must also be satisfied in order for such performance units to fully vest). The table below provides the amount of restricted stock units and performance units granted in January 2024 to each named executive officer other than Mr. Christenson:

| Name              |     | Restricted         
 Stock Units        
 (Number of Shares) |         |     | Performance Units          
 (Maximum Number of Shares) |         |
| Mark Boelke       |     |                    | 100,000 |     |                            | 100,000 |
| Jeffery Liberman  |     |                    | 100,000 |     |                            | 100,000 |
| Karl Meyer        |     |                    | 100,000 |     |                            | 100,000 |
| Christopher Young |     |                    | 100,000 |     |                            | 100,000 |

The restricted stock units vest 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; in each case, provided that the recipient is employed by us on such date. The design of the performance units was similar to Mr. Christenson’s 2023 new hire performance units described above, vesting by a combination of both market-based vesting conditions and time-based vesting conditions, both of which must be satisfied before the performance units will be deemed vested. The market-based vesting conditions are satisfied