Versant director awarded 5,119 deferred stock units
Potter Leonard reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Potter Leonard reported acquisition or exercise transactions in this Form 4 filing.
Versant Media Group director Potter Leonard received an equity award rather than buying shares on the market. He was granted 5,119 deferred restricted stock units (DRSUs) of Class A Common Stock at a reference price of $36.14 per share. Each DRSU represents a contingent right to one share that will vest in full on the earlier of June 26, 2027, or the company’s 2027 annual shareholder meeting. Settlement of these DRSUs is deferred until his separation from service or the earliest of a change in control, death, or disability. Following this grant, he directly holds 20,997 Class A shares, including these DRSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,119 | $36.14 | $185K |
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.
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