Lazarus Mark H 4

What Happened

• Mark H. Lazarus, CEO of Versant Media Group, received an award of 203,971 restricted stock units (RSUs) on March 5, 2026 under the Versant Omnibus Equity Incentive Plan. The grant is reported as an award (transaction code A); no cash price is associated with the grant. RSUs vest ratably on each of the first three anniversaries of the March 5, 2026 grant date, subject to continued service.

Key Details

• Transaction date: 2026-03-05 (reported on Form 4 filed 2026-03-06) — filing appears timely.
• Transaction type/code: Award/Grant (A) of 203,971 RSUs; no purchase price (N/A).
• Vesting: Ratable vesting over three years (one-third each year), contingent on continued service.
• Holdings: The filing includes a correction footnote noting total holdings were adjusted to fix an overreporting of one converted RSU related to Comcast’s pro‑rata spinoff distribution.
• No tax-withholding, sale, exercise, or 10b5-1 plan was reported with this grant.

Context: RSU grants are compensation awards that convert to shares only as they vest; they do not represent immediate cash proceeds or open‑market purchases. Grants are common for executives and should be viewed as part of long‑term pay rather than an immediate bullish or bearish trade signal.