Versant Media director awarded 5,119 stock units
NOVAK DAVID C reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
NOVAK DAVID C reported acquisition or exercise transactions in this Form 4 filing.
Versant Media Group, Inc. director David C. Novak reported an award of 5,119 deferred restricted stock units (DRSUs), each tied to one share of Class A Common Stock at a reference price of $36.14 per unit. After this compensation grant, he holds 163,679 shares or share-equivalent units in total. The DRSUs will vest in full on the earlier of June 26, 2027, or the company’s 2027 annual meeting of shareholders, and settlement into shares is deferred until his separation from service or certain specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,119 shares
Grant/Award
1 txn
Insider
NOVAK DAVID C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,119 | $36.14 | $185K |
Holdings After Transaction:
Class A Common Stock — 163,679 shares (Direct)
Footnotes (1)
- F1. Represents deferred restricted stock units ("DRSUs"). Each DRSU represents a contingent right to receive one share of Class A Common Stock. The DRSUs will vest in full on the earlier of June 26, 2027, or the Company's 2027 annual meeting of shareholders. Settlement of the DRSUs has been deferred until the Reporting Person's separation from service or the earliest to occur of (i) a change in control, (ii) the Reporting Person's death, or (iii) the Reporting Person's disability.
Key Figures
DRSUs granted: 5,119 units
Grant reference price: $36.14 per unit
Total holdings after award: 163,679 shares/units
+2 more
5 metrics
DRSUs granted
5,119 units
Deferred restricted stock units awarded to director on June 26, 2026
Grant reference price
$36.14 per unit
Price per Class A Common Stock unit associated with the DRSUs
Total holdings after award
163,679 shares/units
Director’s reported Class A Common Stock position following the grant
Vesting date
June 26, 2027
Vests on this date or the 2027 annual shareholder meeting, whichever is earlier
Settlement timing
At separation or specified events
Settlement deferred until separation, change in control, death, or disability
Key Terms
deferred restricted stock units, Class A Common Stock, change in control, separation from service
4 terms
deferred restricted stock units financial
"Represents deferred restricted stock units ("DRSUs"). Each DRSU represents a contingent right to receive one share..."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Class A Common Stock financial
"Each DRSU represents a contingent right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
change in control financial
"Settlement...until the earliest to occur of (i) a change in control, (ii) the Reporting Person's death..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"Settlement of the DRSUs has been deferred until the Reporting Person's separation from service or the earliest to occur..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Versant Media Group (VSNT) disclose on this Form 4?
Versant Media Group director David C. Novak reported receiving 5,119 deferred restricted stock units. Each DRSU represents a contingent right to one share of Class A Common Stock as part of his equity-based compensation.
Is the Versant Media (VSNT) Form 4 transaction a stock purchase or a grant?
The Form 4 reflects a grant of 5,119 deferred restricted stock units, not an open-market stock purchase. These units are an equity award that will convert into shares later if vesting and settlement conditions are met.
When do David C. Novak’s Versant Media (VSNT) DRSUs vest and settle?
The 5,119 deferred restricted stock units vest in full on the earlier of June 26, 2027, or Versant Media’s 2027 annual shareholder meeting. Settlement into Class A Common Stock is deferred until separation from service or specific events like change in control, death, or disability.
What does each deferred restricted stock unit represent for Versant Media (VSNT)?
Each deferred restricted stock unit represents a contingent right to receive one share of Versant Media Class A Common Stock. The units must first vest and then will be settled into shares upon separation or specified triggering events described in the award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
