Octave Specialty Group (OSG) awards director Michael Price 6,500 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Octave Specialty Group director Michael D. Price received a grant of 6,500 restricted stock units (RSUs) on July 1, 2026. Each RSU represents a contingent right to one share of common stock at no purchase price. These RSUs vest on July 1, 2027 and will convert into shares when he leaves the Board or if there is a change of control of the company. Following this grant, he directly holds 22,591 RSUs tied to Octave Specialty Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PRICE MICHAEL D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 22,591 shares (Direct, null)
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"). RSUs granted on July 1, 2026 shall vest one year later on July 1, 2027. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company or upon a "change of control" of the Company.
Key Figures
RSUs granted: 6,500 RSUs
Post-grant RSU holdings: 22,591 RSUs
RSU vesting date: July 1, 2027
+2 more
5 metrics
RSUs granted
6,500 RSUs
Grant on July 1, 2026
Post-grant RSU holdings
22,591 RSUs
Total directly held after transaction
RSU vesting date
July 1, 2027
Vesting of 6,500 granted RSUs
RSU exercise price
$0.00 per RSU
No purchase price required
Underlying common shares
6,500 shares
Each RSU converts into one share
Key Terms
Restricted Stock Units, RSU, change of control
3 terms
Restricted Stock Units financial
"security_title: "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"
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.
change of control financial
"upon a "change of control" of the Company"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
What insider transaction did Octave Specialty Group (OSG) report for Michael D. Price?
Octave Specialty Group reported that director Michael D. Price received a grant of 6,500 restricted stock units. These RSUs are a form of stock-based compensation and represent a right to receive shares of common stock in the future, subject to vesting conditions.
When do Michael D. Price’s 6,500 RSUs at Octave Specialty Group (OSG) vest?
The 6,500 restricted stock units granted to Michael D. Price vest on July 1, 2027. Vesting means the units become earned, allowing eventual settlement into common shares if other conditions, such as continued Board service, are satisfied.
What does each RSU granted to Michael D. Price by Octave Specialty Group (OSG) represent?
Each RSU grants a contingent right to receive one share of Octave Specialty Group common stock. No cash exercise price is required, so the units function as equity compensation that turns into shares once vesting and settlement conditions are met.
When will Michael D. Price’s vested RSUs at Octave Specialty Group (OSG) settle into shares?
Vested RSUs will settle and convert into common shares when Michael D. Price resigns from, or otherwise ceases to be a member of, the Board of Directors, or upon a defined change of control event at the company.
How many restricted stock units does Michael D. Price hold after this Octave Specialty Group (OSG) grant?
After receiving the new grant of 6,500 RSUs, Michael D. Price holds a total of 22,591 restricted stock units. All of these RSUs relate to Octave Specialty Group common stock and are held directly in his name according to the filing.