Octave Specialty Group awards 8,224 stock units
The award is scheduled to vest October 1, 2027, with settlement upon vesting or an earlier end to her board service unless deferred.
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Rhea-AI Filing Summary
Octave Specialty Group Inc. director Joan M. Lammtennant acquired 8,224 restricted stock units as an award on October 1, 2026. Each RSU represents a contingent right to receive one common share. Her direct RSU position following the award was 30,815 units. The award vests one year later, on October 1, 2027; vested RSUs settle and convert into common shares upon the earlier of vesting or her resignation from, or otherwise ceasing to serve on, the Board, unless deferred at her election.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 8,224 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Octave Specialty Group, Inc. (the "Company").
- F2. RSU's granted on October 1, 2026 shall vest one year later on October 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
Key Terms
Restricted Stock Unit technical
contingent right technical
settle and convert technical
FAQ
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