Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 143

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 143
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, 2024, there was $1.7 million of total unrecognized compensation expense related to grants of PSUs that is expected to be recognized over a weighted-average period of 2.2 years.The grant date fair value for each PSU was estimated using a Monte Carlo simulation model that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. The unobservable significant inputs to the valuation model at the time of award issuance were as follows:

        2024 PSUs

        2023 PSUs

        Stock price at issuance
         
        $
        4.38

        $
        4.39

        Expected volatility

        57.0
        %

        58.0
        %

        Risk-free interest rate

        4.01
        %

        4.13
        %

        Expected term

        5.0

        5.0

        Expected dividend yield

        0
        %

        0
        %
       
      The following is a summary of non-vested PSUs activity: (in thousands, except grant date fair value data): 

        Number of PSUs

        Weighted-Average Grant Date Fair Value

        Nonvested balance at December 31, 2022

        -

        $
        -

        Granted

        1,000

        3.29

        Vested

        -

        -

        Forfeited or cancelled

        -

        -

        Nonvested balance at December 31, 2023

        1,000

        3.29

        Granted

        600

        3.78

        Vested

        -

        -

        Forfeited or cancelled

        (400
        )

        3.78

        Nonvested balance at December 31, 2024

        1,200

        3.37

F-36

16. RELATED-PARTY TRANSACTIONS Substantially all of the Company’s television stations are Univision- or UniMás-affiliated television stations. The network affiliation agreement with TelevisaUnivision provides certain of the Company’s owned stations the exclusive right to broadcast TelvisaUnivision’s primary Univision network and UniMás network programming in their respective markets.  Under the network affiliation agreement, the Company retains the right to sell no less than four minutes per hour of the available advertising time on stations that broadcast Univision network