Octave Specialty (OSG) director gets 6,500 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Octave Specialty Group Inc. director Ian David Haft received a grant of 6,500 restricted stock units on July 1, 2026. Each RSU represents a contingent right to one share of common stock. The RSUs vest on July 1, 2027 and will convert into shares when he leaves the Board. Following this grant, Haft holds 22,591 common-share-equivalent units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAFT IAN DAVID
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"). RSU's 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.
Key Figures
RSUs granted: 6,500 units
Post-grant holdings: 22,591 units
Vesting date: July 1, 2027
+1 more
4 metrics
RSUs granted
6,500 units
Restricted stock unit grant on July 1, 2026
Post-grant holdings
22,591 units
Total common-share-equivalent units following transaction
Vesting date
July 1, 2027
RSUs vest one year after grant date
Conversion ratio
1 RSU : 1 share
Each RSU converts into one share of common stock
Key Terms
Restricted Stock Units, contingent right, vest, Board of Directors
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
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.
contingent right financial
"represents a contingent right to receive one share of the common stock..."
vest financial
"RSU's granted on July 1, 2026 shall vest one year later on July 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
"settle and convert into shares of common stock upon the date that the reporting person resigns from... 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 insider transaction did Octave Specialty Group (OSG) report for Ian David Haft?
Octave Specialty Group reported that director Ian David Haft received a grant of 6,500 restricted stock units. These units are a form of equity compensation that convert into common stock under specified vesting and settlement conditions linked to his Board service.
How many restricted stock units did the OSG director receive and at what price?
The director received 6,500 restricted stock units at a stated price of $0.00 per unit. This reflects a compensation award, not an open-market purchase, and each unit is designed to convert into one share of Octave Specialty Group common stock.
When do Ian David Haft’s OSG restricted stock units vest and settle?
The restricted stock units granted on July 1, 2026 vest one year later on July 1, 2027. After vesting, they settle into common shares when Haft resigns from, or otherwise ceases to be a member of, the company’s Board of Directors.
What does each OSG restricted stock unit represent for the director?
Each restricted stock unit represents a contingent right to receive one share of Octave Specialty Group common stock. The right becomes actual ownership only after the units vest and settle, tying the director’s compensation to continued Board service over time.