Octave Specialty Group (NYSE: OSG) CEO nets shares from 39,380 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Octave Specialty Group Inc. Chief Executive Officer Claude LeBlanc reported equity compensation activity tied to his 2025 Long Term Incentive Plan. On July 9, 2026, 39,380 restricted stock units vested and were converted into common shares, with 21,777 shares withheld by the company at $6.08 per share to cover tax obligations. Following these transactions, LeBlanc holds 1,065,234 shares of common stock directly and 480,832 restricted stock units that remain outstanding and subject to future vesting through July 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,380 shares exercised/converted
Mixed
3 txns
Insider
LeBlanc Claude
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,380 | $0.00 | -- |
| Exercise | Common Stock | 39,380 | -- | -- |
| Tax Withholding | Common Stock | 21,777 | $6.08 | $132K |
Holdings After Transaction:
Restricted Stock Units — 480,832 shares (Direct);
Common Stock — 1,087,011 shares (Direct)
Footnotes (1)
- The reporting person acquired shares of common stock of Octave Specialty Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's restricted stock unit ("RSU") awards as part of their 2025 Long Term Incentive Plan. Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. Each RSU represents a contingent right to receive one share of the Company's common stock. The RSUs vested pursuant to the first of three equal annual installments under the reporting person's 2025 Long Term Incentive Plan award, which vests in equal installments on July 9, 2026, July 9, 2027, and July 9, 2028.
Key Figures
RSUs vested and converted: 39,380 shares
Shares withheld for taxes: 21,777 shares
Tax withholding price: $6.08 per share
+2 more
5 metrics
RSUs vested and converted
39,380 shares
Restricted Stock Units converted into common stock on July 9, 2026
Shares withheld for taxes
21,777 shares
Common shares withheld to satisfy tax withholding obligations at $6.08 per share
Tax withholding price
$6.08 per share
Value used for withholding 21,777 shares for tax obligations
Common shares held after transactions
1,065,234 shares
Direct common stock holdings of Claude LeBlanc following July 9, 2026 activity
RSUs outstanding after vesting
480,832 units
Remaining restricted stock units held after the reported vesting and settlement
Key Terms
Restricted Stock Units, tax withholding obligations, Long Term Incentive Plan
3 terms
Restricted Stock Units financial
"The reporting person acquired shares of common stock ... upon the vesting and settlement of a portion of the reporting person's restricted stock unit"
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.
tax withholding obligations financial
"withheld by the Company to satisfy certain tax withholding obligations"
Long Term Incentive Plan financial
"as part of their 2025 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What equity transactions did OSG CEO Claude LeBlanc report on July 9, 2026?
Claude LeBlanc reported 39,380 RSUs vesting and converting into Octave Specialty Group common stock. Of those, 21,777 shares were withheld by the company to satisfy tax withholding obligations at $6.08 per share.
Were the OSG CEO’s July 9, 2026 transactions open-market buys or sells?
The transactions were not open-market buys or sells. They reflect RSU vesting and option/RSU exercises, plus a tax-withholding disposition where 21,777 shares were withheld by the company to cover tax obligations.
How many restricted stock units does the OSG CEO still hold after the vesting event?
Following the July 9, 2026 vesting, Claude LeBlanc continues to hold 480,832 restricted stock units. These RSUs remain outstanding and will vest in three equal annual installments through July 9, 2028.
What plan governs the RSU vesting reported by Octave Specialty Group (OSG) CEO Claude LeBlanc?
The RSU vesting is part of LeBlanc’s 2025 Long Term Incentive Plan award. According to the disclosure, the award vests in three equal annual installments on July 9, 2026, July 9, 2027, and July 9, 2028.