Spark NZ updates market on lapse of options held by former senior executive

The latest update is out from Spark New Zealand Limited ( (AU:SPK) ).

Spark New Zealand has disclosed a change in the equity interests of former general counsel and former Spark Finance director, Melissa Anastasiou, following the lapse of long-term incentive (LTI) options. On 31 March 2026, 36,552 options to acquire Spark ordinary shares lapsed under the Spark NZ LTI Scheme, reducing Anastasiou’s holding from 102,746 to 66,194 options, while she retains a mix of restricted and fully owned Spark shares.

The transaction involved no cash consideration, as participants do not pay when options lapse under the scheme, and it did not occur during a closed trading period under Spark’s securities trading policy. The disclosure confirms Anastasiou’s remaining interests of 66,194 options, 2,064 restricted shares under the Employee Share Purchase Scheme, and 51,172 ordinary shares, providing investors with updated transparency on insider holdings and incentive structures.

More about Spark New Zealand Limited

Spark New Zealand Limited is a major New Zealand telecommunications and digital services provider, offering mobile, broadband, cloud, and IT services to consumers and businesses. Listed on the NZX under ticker SPK, Spark focuses on connectivity and digital infrastructure across the New Zealand market.

Learn more about SPK stock on TipRanks’ Stock Analysis page.