Versant Media Group (VSNT) CEO reports share grants after spin-off
Rhea-AI Filing Summary
Versant Media Group, Inc. director and CEO Mark H. Lazarus reported new equity awards in connection with Comcast’s spin-off of Versant and a separate founder grant. On January 9, 2026, he acquired 287,273 shares of Versant Class A common stock at a price of $0.00 per share through the conversion of Comcast restricted stock units into Versant restricted stock units under an equity award adjustment tied to the January 2, 2026 distribution.
On the same date, he also received a Founder’s Grant of 134,821 Versant restricted stock units at $0.00 per share, which will vest in full on the third anniversary of the grant date, subject to continued employment. Following these transactions, he beneficially owned 429,248 shares of Versant Class A common stock in direct form.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 287,273 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 134,821 | $0.00 | -- |
Footnotes (1)
- On January 2, 2026, Comcast Corporation ("Comcast") completed a pro-rata spinoff distribution ("Distribution") of all of its shares of Versant Media Group, Inc. ("Versant") Class A common stock, par value $0.01 per share ("Versant Class A Common Stock") and Versant Class B common stock, par value $0.01 per share ("Versant Class B Common Stock") to the holders of record of Comcast Class A common stock, par value $0.01 per share ("Comcast Class A Common Stock") and Comcast Class B common stock, par value $0.01 per share ("Comcast Class B Common Stock"), respectively, as of December 16, 2025, the record date for the Distribution ("Record Date"). In connection with the Distribution, pursuant to (i) the terms of the Employee Matters Agreement, dated as of January 2, 2026, by and between Comcast and Versant ("EMA") and (ii) the anti-dilution adjustment provisions under the Comcast 2002 Restricted Stock Plan and Comcast 2023 Omnibus Equity Incentive Plan, certain restricted stock units with respect to Comcast Class A Common Stock ("Comcast RSUs") were equitably adjusted and converted into restricted stock units with respect to Versant Class A Common Stock ("Versant RSUs"), based on (i) the volume weighted average price of Comcast Class A Common Stock (adjusted based on the Distribution ratio) and Versant Class A Common Stock, in each case for the five trading-day period following January 2, 2026 (such adjustment, the "Equity Award Conversion"). Represents the grant of Versant RSUs upon the conversion of certain Comcast RSUs held by the Reporting Person as of January 2, 2026 pursuant to the Equity Award Conversion. The Versant RSUs were granted pursuant to the Versant Omnibus Equity Incentive Plan ("Versant Plan") and are generally subject to the same terms and conditions as applicable to the corresponding Comcast RSUs. This amount includes shares of Versant Class A Common Stock received by the Reporting Person in connection with the Distribution in respect of shares of Comcast Class A Common Stock held as of the Record Date. Represents the grant of a Versant RSU award ("Founder's Grant") under the Versant Plan to the Reporting Person on January 9, 2026. The Founder's Grant will vest in full on the third anniversary of the date of grant, subject to the Reporting Person's continued employment through such date.
FAQ
What insider transaction did Versant Media Group (VSNT) report for its CEO?
Versant Media Group, Inc. reported that its Chief Executive Officer and director, Mark H. Lazarus, acquired Versant Class A common stock and restricted stock units on January 9, 2026, as shown in a Form 4 insider filing.
What is the Founder’s Grant reported for Versant CEO Mark H. Lazarus?
The Form 4 states that on January 9, 2026, Mark H. Lazarus received a Founder’s Grant of 134,821 Versant restricted stock units under the Versant Omnibus Equity Incentive Plan. This award will vest in full on the third anniversary of the grant date, subject to his continued employment.
Does the Versant CEO’s Form 4 involve any sales of stock?
No stock sales are listed. The reported Form 4 transactions are coded as “A” (acquisitions) of Versant Class A common stock and restricted stock units at a price of $0.00 per share.