Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-16

Entravision Communications (EVC)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,098,934
Michael Christenson total, FY2025
21st
CEO pay percentile vs peers
75:1
CEO-to-median pay ratio
83.59%
Say-on-pay support, latest vote
Companies that benchmark against EVC
2 companies name EVC as a compensation peer

Each company listed discloses EVC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named EVC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Christenson$500,000$0$3,591,263$0$0$0$7,671$4,098,934
Chief Executive Officer
Jeffery Liberman500,00001,116,97500024,7201,641,695
President and Chief Operating Officer
Mark Boelke500,00001,116,97500023,3081,640,283
Chief Financial Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Michael Christenson$4,098,934$957,671$8,681,912+3,141,263
Jeffery Liberman1,641,6951,740,7202,699,624−99,025
Mark Boelke1,640,2831,608,808+31,475

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffery LibermanPSU2025-01-2157,500115,000230,000$432,975
Jeffery LibermanRSU2025-01-21300,000684,000
Mark BoelkeRSU2025-01-21300,000684,000
Mark BoelkePSU2025-01-2157,500115,000230,000432,975
Michael ChristensonPSU2025-01-21186,250372,500745,0001,402,463
Michael ChristensonRSU2025-01-21960,0002,188,800
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffery Liberman$684,000$432,975$038.8%
Mark Boelke684,000432,975038.8%
Michael Christenson2,188,8001,402,463039.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael ChristensonRSU600,000$1,758,000
Michael ChristensonRSU240,000703,200
Michael ChristensonPSU200,000586,000
Michael ChristensonPSU186,250545,713
Mark BoelkeRSU144,100422,213
Jeffery LibermanRSU144,100422,213
Mark BoelkeRSU100,000293,000
Jeffery LibermanRSU100,000293,000
Mark BoelkeRSU75,000219,750
Jeffery LibermanRSU75,000219,750
Mark BoelkePSU57,500168,475
Jeffery LibermanPSU25,00073,250
Jeffery LibermanPSU57,500168,475
Mark BoelkePSU25,00073,250
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee shifted the company's approach in January 2025 to focus more heavily on long-term equity value and less on short-term cash compensation, aligning executive interests with stockholders. This shift involved reducing base salaries, suspending the annual cash bonus plan, and increasing the weight of equity incentive compensation to reward retention and long-term stock price performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2851,920,96910,171,08423,08583.59%Passed
20252025-05-2964,660,236413,56060,56999.27%Passed
20242024-05-3049,537,45413,641,680688,75377.56%Passed
20232023-06-0847,896,80716,703,9512,409,83571.48%Passed
20212021-05-27164,777,46324,360,798879,10487.12%Passed
20202020-05-28183,368,11211,382,30485,03394.11%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2883.59%a
20252025-05-2999.27%b
20242024-05-3077.56%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "against" the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "against" the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes "against" the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)75 : 1
CEO total compensation
Median employee compensation$55,000
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Paul Anton ZevnikIndependent$165,000$163,238$328,238
Gilbert R. VasquezIndependent102,500163,238265,738
Martha Elena DiazIndependent100,000163,238263,238
Lara SweetIndependent95,000163,238258,238
Thomas StricklerIndependent90,000163,238253,238
Fehmi ZekoIndependent87,500163,238250,738
Brad BenderIndependent82,500163,238245,738
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$155,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)27,500 / 17,500 / 17,500
Stock ownership guideline$300,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$722,500
Equity awards (grant-date value)$1,142,666
All other compensation$0
Total cost of the board$1,865,166

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Entravision Communications names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Entravision Communications.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1iHeartMedia, Inc.2025Robert Pittman$1,800,000$8,000,002$0$2,867,400$12,971,814
2Gray Television, Inc.2025Hilton Howell1,531,0006,506,75603,279,96611,472,138
3fuboTV Inc.2025David Gandler1,180,3007,901,64101,643,30910,886,885
4Clear Channel Outdoor Holdings, Inc.2024Scott Wells1,100,0007,011,44401,560,7409,677,184
5EverQuote, Inc.2025Jayme Mendal595,0007,781,8660818,1259,209,231
6PubMatic, Inc.2025Rajeev Goel622,0004,533,6023,259,374655,6809,070,656
7QuinStreet, Inc.2025Douglas Valenti590,0007,102,200007,692,200
8E.W. Scripps Company2025Adam Symson1,350,0003,945,07701,792,1257,239,619
9Thryv, Inc.2025Joseph Walsh1,060,9003,000,00001,157,4425,259,837
10Cardlytics, Inc.2025Amit Gupta550,0023,996,0000166,1005,030,252
11TrueCar, Inc.2024Jantoon Reigersman500,0003,751,5760304,0004,590,916
12Entravision Communications2025Michael Christenson500,0003,591,263004,098,934
13Digital Turbine, Inc.2025William Stone650,0001,070,000735,00002,483,750
14TechTarget, Inc.2025Gary Nugent562,500703,129001,265,629
15Lee Enterprises, Inc.2025Kevin Mowbray830,753274,83229,16801,151,667
Saga Communications, Inc.not in coverage universe
Fluent, Inc.not in coverage universe
WideOpenWest, Inc.not in coverage universe
Comscore, Inc.not in coverage universe
Townsquare Media, Inc.not in coverage universe
Cumulus Medianot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Entravision Communicationsnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
Cardlytics, Inc.30%not disclosedNoMeridian Compensation Partners
Clear Channel Outdoor Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Comscore, Inc.not disclosednot disclosednot disclosednot disclosed
Cumulus Medianot disclosednot disclosednot disclosednot disclosed
Digital Turbine, Inc.not disclosednot disclosedNoPearl Meyer
E.W. Scripps Company88.5%PSU 60 · RSU 40NoKorn Ferry
EverQuote, Inc.137.5%PSU 50 · RSU 50NoCompensia, Inc.
Fluent, Inc.not disclosednot disclosednot disclosednot disclosed
fuboTV Inc.116%RSU 50 · PSU 50NoAon (2025 Transition Period); Pay Governance (fiscal 2026 forward)
Gray Television, Inc.215%Restricted Stock 50 · PRSU 50not disclosedMeridian Compensation Partners, LLC
iHeartMedia, Inc.not disclosedPSU 65 · RSU 35not disclosedFW Cook
Lee Enterprises, Inc.not disclosedRSU 100not disclosedKorn Ferry
PubMatic, Inc.97.6%RSU 75 · Options 25not disclosedFrederic W. Cook & Co., Inc.
QuinStreet, Inc.21.3%RSU 50 · PSU 50NoCompensia, Inc.
Saga Communications, Inc.not disclosednot disclosednot disclosednot disclosed
TechTarget, Inc.not disclosedRSU 100not disclosednot disclosed
Thryv, Inc.100.0%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Lyons, Benenson & Company Inc.
Townsquare Media, Inc.not disclosednot disclosednot disclosednot disclosed
TrueCar, Inc.60.8%PSU 60 · RSU 40NoSemler Brossy
WideOpenWest, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael ChristensonDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation”. As printed: 4,098,934. Filing ↗machine: r2 · c32 · span 692451–692460
2Section 01, Jeffery LibermanDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation”. As printed: 1,641,695. Filing ↗machine: r7 · c32 · span 754557–754566
3Section 01, Mark BoelkeDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation”. As printed: 1,640,283. Filing ↗machine: r5 · c32 · span 729686–729695
4Section 03, Jeffery Liberman PSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 879146–879153
5Section 03, Jeffery Liberman RSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 886625–886632
6Section 03, Mark Boelke RSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 864552–864559
7Section 03, Mark Boelke PSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 857073–857080
8Section 03, Michael Christenson PSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 835010–835019
9Section 03, Michael Christenson RSUDEF 14A2026-04-200001193125-26-164200Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 842482–842491
10Section 07, pay ratioDEF 14A2026-04-200001193125-26-164200Section “CEO Pay Ratio”. As printed: 75 : 1. Filing ↗
11Section 08, Paul Anton ZevnikDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 328,238. Filing ↗machine: span 1465948–1465955
12Section 08, Gilbert R. VasquezDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 265,738. Filing ↗machine: span 1461347–1461354
13Section 08, Martha Elena DiazDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 263,238. Filing ↗machine: span 1475148–1475155
14Section 08, Lara SweetDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 258,238. Filing ↗machine: span 1488928–1488935
15Section 08, Thomas StricklerDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 253,238. Filing ↗machine: span 1470547–1470554
16Section 08, Fehmi ZekoDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 250,738. Filing ↗machine: span 1479741–1479748
17Section 08, Brad BenderDEF 14A2026-04-200001193125-26-164200Section “Director Compensation”. As printed: 245,738. Filing ↗machine: span 1484335–1484342
18Section 06, 2026 voteForm 8-K2026-05-290001193125-26-248445Item 5.07 · say-on-pay result. As reported: 83.59% (votes for as printed: 51,920,969). Filing ↗
19Section 06, 2025 voteForm 8-K2025-06-020000950170-25-080007Item 5.07 · say-on-pay result. As reported: 99.27% (votes for as printed: 64,660,236). Filing ↗
20Section 06, 2024 voteForm 8-K2024-06-030000950170-24-068018Item 5.07 · say-on-pay result. As reported: 77.56% (votes for as printed: 49,537,454). Filing ↗
21Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)ComputedcomputedCash 722,500 + equity 1,142,666 + all other 0 = 1,865,166, summed across the director compensation table rows.machine: formula: Σ = 1,865,166
24iHeartMedia, Inc., Section 10b CEO totalDEF 14A2026-04-170001628280-26-025822CEO total compensation as printed in iHeartMedia, Inc.'s own proxy. As printed: 12,971,814. Filing ↗machine: span 747997–748007
25Gray Television, Inc., Section 10b CEO totalDEF 14A2026-03-260001437749-26-009956CEO total compensation as printed in Gray Television, Inc.'s own proxy. As printed: 11,472,138. Filing ↗machine: r1 · c29 · span 472302–472312
26fuboTV Inc., Section 10b CEO totalDEF 14A2026-06-160001628280-26-043532CEO total compensation as printed in fuboTV Inc.'s own proxy. As printed: 10,886,885. Filing ↗machine: t51 · r2 · c21 · span 769364–769374
27Clear Channel Outdoor Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-100001193125-25-077985CEO total compensation as printed in Clear Channel Outdoor Holdings, Inc.'s own proxy. As printed: 9,677,184. Filing ↗machine: r4 · c34 · span 759946–759955
28EverQuote, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173669CEO total compensation as printed in EverQuote, Inc.'s own proxy. As printed: 9,209,231. Filing ↗machine: r2 · c31 · span 394114–394123
29PubMatic, Inc., Section 10b CEO totalDEF 14A2026-04-150001140361-26-014825CEO total compensation as printed in PubMatic, Inc.'s own proxy. As printed: 9,070,656. Filing ↗machine: r5 · c22 · span 802324–802333
30QuinStreet, Inc., Section 10b CEO totalDEF 14A2025-09-160002077096-25-000112CEO total compensation as printed in QuinStreet, Inc.'s own proxy. As printed: 7,692,200. Filing ↗machine: r1 · c12 · span 911341–911350
31E.W. Scripps Company, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116733CEO total compensation as printed in E.W. Scripps Company's own proxy. As printed: 7,239,619. Filing ↗machine: t83 · r4 · c16 · span 1340909–1340918
32Thryv, Inc., Section 10b CEO totalDEF 14A2026-04-300001556739-26-000029CEO total compensation as printed in Thryv, Inc.'s own proxy. As printed: 5,259,837. Filing ↗machine: r4 · c36 · span 694066–694075
33Cardlytics, Inc., Section 10b CEO totalDEF 14A2026-04-090001628280-26-024446CEO total compensation as printed in Cardlytics, Inc.'s own proxy. As printed: 5,030,252. Filing ↗machine: span 289415–289424
34TrueCar, Inc., Section 10b CEO totalDEF 14A2025-04-080001104659-25-033025CEO total compensation as printed in TrueCar, Inc.'s own proxy. As printed: 4,590,916. Filing ↗machine: r1 · c48 · span 753906–753915
35Entravision Communications (subject), Section 10b CEO totalDEF 14A2026-04-200001193125-26-164200CEO total compensation as printed in Entravision Communications's own proxy. As printed: 4,098,934. Filing ↗machine: r2 · c32 · span 692451–692460
36Digital Turbine, Inc., Section 10b CEO totalDEF 14A2025-07-170001628280-25-035216CEO total compensation as printed in Digital Turbine, Inc.'s own proxy. As printed: 2,483,750. Filing ↗machine: r2 · c48 · span 292859–292868
37TechTarget, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-187238CEO total compensation as printed in TechTarget, Inc.'s own proxy. As printed: 1,265,629. Filing ↗machine: t30 · r2 · c20 · span 667500–667509
38Lee Enterprises, Inc., Section 10b CEO totalDEF 14A2026-03-050000058361-26-000024CEO total compensation as printed in Lee Enterprises, Inc.'s own proxy. As printed: 1,151,667. Filing ↗machine: r3 · c21 · span 422187–422197
39Section 10a, Digital Turbine, Inc. reciprocityDEF 14A0001628280-25-035216Digital Turbine, Inc. names Entravision Communications in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, PubMatic, Inc. reciprocityDEF 14A0001140361-26-014825PubMatic, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
41Section 10a, QuinStreet, Inc. reciprocityDEF 14A0002077096-25-000112QuinStreet, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
42Section 10a, Thryv, Inc. reciprocityDEF 14A0001556739-26-000029Thryv, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
43Section 10a, TechTarget, Inc. reciprocityDEF 14A0001193125-26-187238TechTarget, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
44Section 10a, Clear Channel Outdoor Holdings, Inc. reciprocityDEF 14A0001193125-25-077985Clear Channel Outdoor Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
45Section 10a, Gray Television, Inc. reciprocityDEF 14A0001437749-26-009956Gray Television, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
46Section 10a, TrueCar, Inc. reciprocityDEF 14A0001104659-25-033025TrueCar, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗
47Section 10a, iHeartMedia, Inc. reciprocityDEF 14A0001628280-26-025822iHeartMedia, Inc.'s most recent proxy was read; its disclosed peer group does not include Entravision Communications. Filing ↗