Pay Versus Performance Table. In accordance with Item 402(v), we provide below the tabular disclosure for the company’s Chief Executive Officer (our Principal Executive Officer or “PEO”) and the average of our NEOs other than the PEO for 2025, 2024, and 2023.


	Summary Compensation Table Total for PEO (1)				Compensation Actually Paid to PEO (1) (2) (3)					Average Summary Compensation		Average Compensation Actually		Value of Initial Fixed $100 Based on: Investment
Year	Christopher T. Young		Michael J. Christenson		Christopher T. Young		Michael J. Christenson			Table Total for Non-PEO NEOs (1)		Paid to Non-PEO NEOs (1) (2) (3)		Total Shareholder Return (4)		GAAP Net Income (Loss) ($ Millions)
(a)	(b)				(c)					(d)		(e)		(f)		(g)
2025	n/a			4,098,934	n/a			6,332,871			1,640,989		2,191,255		77		(79	)
2024	n/a			957,671	n/a			(2,844,329	)		2,806,569		863,763		57		(149	)
2023		3,164,160		8,681,912		2,434,826		8,109,912			2,615,021		1,878,308		91		(15	)

1.

Michael Christenson served as our PEO in 2025 and 2024, and Michael Christenson and Christopher Young each served as our PEO in 2023. The individuals comprising the Non-PEO NEOs for each year presented are listed below.


2023	2024	2025
Jeffery Liberman	Mark Boelke	Mark Boelke
Karl Meyer	Christopher Young	Jeffery Liberman
Juan Saldívar von Wuthenau	Jeffery Liberman
	Karl Meyer

2.

The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.

3.

CAP reflects the exclusions and inclusions of certain amounts for each PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with ASC 718 and the assumptions used were materially the same as those used for the grant date fair values. Amounts in the Exclusion of Stock Awards columns are the totals from the Stock Awards column set forth in the Summary Compensation Table.


Year	Summary Compensation Table Total for Michael J. Christenson ($)		Exclusion of Stock Awards for Michael J. Christenson ($)			Inclusion of Equity Values for Michael J. Christenson ($)			Compensation Actually Paid to Michael J. Christenson ($)
2025		4,098,934		(3,591,263	)		5,825,200			6,332,871
2024		957,671		—			(3,802,000	)		(2,844,329	)
2023		8,681,912		(7,678,000	)		7,106,000			8,109,912


Year	Summary Compensation Table Total for Christopher T. Young ($)		Exclusion of Stock Awards for Christopher T. Young ($)			Inclusion of Equity Values for Christopher T. Young ($)		Compensation Actually Paid to Christopher T. Young ($)
2025		—		—			—		—
2024		—		—			—		—
2023		3,164,160		(1,624,350	)		895,016		2,434,826


Year	Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Exclusion of Stock Awards for Non-PEO NEOs ($)			Average Inclusion of Equity Values for Non-PEO NEOs ($)			Average Compensation Actually Paid to Non-PEO NEOs ($)
2025		1,640,989		(1,116,975	)		1,667,241			2,191,255
2024		2,806,569		(1,152,000	)		(790,806	)		863,763
2023		2,615,021		(1,624,350	)		887,637			1,878,308

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


Year	Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Michael J. Christenson ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Michael J. Christenson ($)			Fair Value of Awards Granted During the Year that Vested During the Year for Michael J. Christenson ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Michael J. Christenson ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Michael J. Christenson ($)		Total - Inclusion of Equity Values for Michael J. Christenson ($)
2025		3,927,400		604,800			763,200		529,800			—		5,825,200
2024		—		(3,244,800	)		—		(557,200	)		—		(3,802,000	)
2023		7,106,000		—			—		—			—		7,106,000


Year	Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Christopher Young ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Christopher Young ($)			Fair Value of Awards Granted During the Year that Vested During the Year for Christopher Young ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Christopher Young ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Christopher Young ($)		Total - Inclusion of Equity Values for Christopher Young ($)
2025		—		—			—		—			—		—
2024		—		—			—		—			—		—
2023		847,970		(69,300	)		175,346		(59,000	)		—		895,016


Year	Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($)			Average Fair Value of Awards Granted During the Year that Vested During the Year for Non-PEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)			Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($)			Total - Average Inclusion of Equity Values for Non-PEO NEOs ($)
2025		1,220,450		90,803			238,500		117,488			—			1,667,241
2024		223,059		(162,355	)		82,588		(571,308	)		(362,790	)		(790,806	)
2023		847,970		(73,238	)		175,347		(62,442	)		—			887,637

4.

For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in our common stock (NYSE: EVC) from December 31, 2022 through December 31 of each covered fiscal year 2023, 2024 and 2025 (each such period referred to herein as a measurement period). The cumulative total stockholder return on each series of our common stock is calculated by dividing (a) the sum of (i) the cumulative amount of dividends (assuming dividend reinvestment) over the applicable measurement period and (ii) the difference between (A) the share price on December 31 of the covered fiscal year and (B) the share price on December 31, 2022, and (b) the share price on December 31, 2022.

Peer Group Issuers, Footnote

For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in our common stock (NYSE: EVC) from December 31, 2022 through December 31 of each covered fiscal year 2023, 2024 and 2025 (each such period referred to herein as a measurement period). The cumulative total stockholder return on each series of our common stock is calculated by dividing (a) the sum of (i) the cumulative amount of dividends (assuming dividend reinvestment) over the applicable measurement period and (ii) the difference between (A) the share price on December 31 of the covered fiscal year and (B) the share price on December 31, 2022, and (b) the share price on December 31, 2022.

Non-PEO NEO Average Total Compensation Amount

$ 1,640,989

$ 2,806,569

$ 2,615,021

Adjustment to Non-PEO NEO Compensation Footnote

CAP reflects the exclusions and inclusions of certain amounts for each PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with ASC 718 and the assumptions used were materially the same as those used for the grant date fair values. Amounts in the Exclusion of Stock Awards columns are the totals from the Stock Awards column set forth in the Summary Compensation Table.


Year	Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Exclusion of Stock Awards for Non-PEO NEOs ($)			Average Inclusion of Equity Values for Non-PEO NEOs ($)			Average Compensation Actually Paid to Non-PEO NEOs ($)
2025		1,640,989		(1,116,975	)		1,667,241			2,191,255
2024		2,806,569		(1,152,000	)		(790,806	)		863,763
2023		2,615,021		(1,624,350	)		887,637			1,878,308


Year	Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($)			Average Fair Value of Awards Granted During the Year that Vested During the Year for Non-PEO NEOs ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)			Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($)			Total - Average Inclusion of Equity Values for Non-PEO NEOs ($)
2025		1,220,450		90,803			238,500		117,488			—			1,667,241
2024		223,059		(162,355	)		82,588		(571,308	)		(362,790	)		(790,806	)
2023		847,970		(73,238	)		175,347		(62,442	)		—			887,637

Compensation Actually Paid vs. Net Income

Relationship between CAP and GAAP Net Income (Loss). The chart below reflects the relationship between the PEO and average non-PEO NEO CAP and our GAAP Net Income (Loss).