Director at Octave Specialty Group (OSG) receives 7,441 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HAFT IAN DAVID reported acquisition or exercise transactions in this Form 4 filing.
Octave Specialty Group Inc. director Ian David Haft received a grant of 7,441 restricted stock units (RSUs). The award was made on April 1, 2026 and increases his directly held RSUs to 16,091. Each RSU represents a contingent right to receive one share of Octave Specialty Group common stock.
These RSUs are scheduled to vest on April 1, 2027. Once vested, they will settle into common shares on the vesting date or when Haft ceases to be a member of the Board of Directors, unless he elects to defer settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAFT IAN DAVID
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
Total RSUs after grant: 16,091 units
Vesting date: April 1, 2027
3 metrics
RSUs granted
7,441 units
Restricted stock units granted on April 1, 2026
Total RSUs after grant
16,091 units
Director’s holdings following the reported transaction
Vesting date
April 1, 2027
Scheduled vesting for the April 1, 2026 RSU grant
Key Terms
Restricted Stock Units, contingent right, vest, Board of Directors
4 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.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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
"ceases to be a member of, the Board of Directors of the Company"
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 OSG director Ian David Haft report?
Ian David Haft reported receiving 7,441 restricted stock units as a grant. These RSUs are a form of equity compensation that can convert into common shares, aligning his interests with Octave Specialty Group Inc. shareholders over time.
How many Octave Specialty Group (OSG) RSUs does Ian David Haft hold after this grant?
After the grant, Ian David Haft holds 16,091 restricted stock units in total. This reflects cumulative equity awards recorded in his name and shows his ongoing compensation link to Octave Specialty Group Inc.’s future share performance.
When do Ian David Haft’s new OSG restricted stock units vest?
The 7,441 restricted stock units granted on April 1, 2026 are scheduled to vest on April 1, 2027. Vesting means the award becomes earned, allowing eventual settlement into Octave Specialty Group Inc. common stock.
What does each restricted stock unit represent for Octave Specialty Group (OSG)?
Each restricted stock unit represents a contingent right to receive one share of Octave Specialty Group Inc. common stock. The units convert into shares only after vesting and settlement conditions described in the award terms are satisfied.
Under what conditions will Haft’s OSG RSUs settle into common stock?
Vested RSUs will settle into common shares on the earlier of the vesting date or when Ian David Haft resigns from, or otherwise ceases to be, a member of the Board. He may also defer settlement if he elects to do so.