Octave Specialty Group (OSG) director Lisa Iglesias awarded 7,441 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IGLESIAS LISA G reported acquisition or exercise transactions in this Form 4 filing.
Octave Specialty Group director Lisa G. Iglesias received a grant of 7,441 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the company’s common stock. Following this award, her directly held equity-linked interest totals 16,091 shares.
The RSUs were granted on April 1, 2026 and are scheduled to vest one year later on April 1, 2027. Vested RSUs will settle into common shares on the vesting date or when she ceases to serve on the Board of Directors, unless she elects to defer settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
IGLESIAS LISA G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,441 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 16,091 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Octave Specialty Group, Inc. (the "Company"). RSU's granted on April 1, 2026 shall vest one year later on April 1, 2027. RSUs that have become vested shall settle and convert into shares of common stock upon the earlier of the vesting date or the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company, unless otherwise deferred upon the election of the Reporting person.
Key Figures
RSUs granted: 7,441 units
Shares per RSU: 1 share
Total holdings after grant: 16,091 shares
+1 more
4 metrics
RSUs granted
7,441 units
Restricted stock units granted on April 1, 2026
Shares per RSU
1 share
Each RSU represents one share of common stock
Total holdings after grant
16,091 shares
Equity-linked interest following the RSU award
Vesting date
April 1, 2027
Scheduled vesting for RSUs granted April 1, 2026
Key Terms
Restricted Stock Units, RSU, vest, Board of Directors
4 terms
Restricted Stock Units financial
"The filing reports a grant of 7,441 Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"RSU's granted on April 1, 2026 shall vest one year later on April 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board of Directors financial
"the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Octave Specialty Group (OSG) disclose about director Lisa G. Iglesias?
Octave Specialty Group disclosed that director Lisa G. Iglesias received a grant of 7,441 restricted stock units. These RSUs give her a contingent right to receive the company’s common shares, increasing her total directly held equity-linked interest to 16,091 shares after the award.
How many restricted stock units did the OSG director receive in this Form 4?
Lisa G. Iglesias received 7,441 restricted stock units in this reported transaction. Each unit represents a right to one share of Octave Specialty Group common stock, subject to vesting and settlement conditions described in the footnotes to the filing.
When do the newly granted OSG restricted stock units vest?
The restricted stock units granted on April 1, 2026 are scheduled to vest on April 1, 2027. This one-year vesting period applies to the entire 7,441-unit grant, subject to her continued service on Octave Specialty Group’s Board of Directors.
What happens when the OSG restricted stock units held by Lisa G. Iglesias vest?
Once vested, each restricted stock unit converts into one share of Octave Specialty Group common stock. Settlement occurs on the vesting date or when she ceases to be a board member, unless she elects to defer settlement under the company’s applicable arrangements.
What type of transaction is reported in this OSG Form 4 filing?
The filing reports an acquisition of derivative securities classified as restricted stock units. The transaction code is “A,” indicating a grant or award, and it is not an open-market purchase or sale of Octave Specialty Group common shares.