Octave director granted 6,500 RSUs
Octave Specialty Group Inc. director Jeffrey Scott Stein received a grant of 6,500 restricted stock units (RSUs) linked to the company’s common stock.
Rhea-AI Filing Summary
Octave Specialty Group Inc. director Jeffrey Scott Stein received a grant of 6,500 restricted stock units (RSUs) linked to the company’s common stock. Each RSU represents a contingent right to receive one share of common stock, providing equity-based compensation rather than cash.
The RSUs were granted on July 1, 2026 and are scheduled to vest one year later on July 1, 2027. Once vested, they will convert into common shares when Stein leaves the Board of Directors or if a change of control of the company occurs. After this grant, his reported direct RSU holdings total 22,591 units.
Positive
- None.
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Insider Trade Summary
Grant/Award: 6,500 shares
Grant/Award
1 txn
Insider
Stein Jeffrey Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 22,591 contracts (Direct)
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. 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
RSU grant size: 6,500 RSUs
Post-grant RSU holdings: 22,591 RSUs
Grant price per RSU: $0.00 per unit
+2 more
5 metrics
RSU grant size
6,500 RSUs
Restricted stock units granted on July 1, 2026
Post-grant RSU holdings
22,591 RSUs
Total restricted stock units following transaction
Grant price per RSU
$0.00 per unit
Equity compensation, non-cash grant
Vesting date
July 1, 2027
RSUs vest one year after grant date
RSU-to-share ratio
1 RSU : 1 share
Each RSU equals one share of common stock
Key Terms
Restricted Stock Units, RSU, change of control, 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.
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Octave Specialty Group (OSG) report for Jeffrey Scott Stein?
Octave Specialty Group reported that director Jeffrey Scott Stein received 6,500 restricted stock units as equity compensation. These RSUs convert into common shares later, aligning his interests with shareholders rather than reflecting an open-market stock purchase or sale.
How many Octave Specialty Group RSUs does Jeffrey Scott Stein hold after this grant?
After this grant, Jeffrey Scott Stein holds 22,591 restricted stock units in total. Each RSU represents a contingent right to one share of Octave Specialty Group common stock, giving him a meaningful equity-linked position tied to future company performance.
When do Jeffrey Scott Stein’s new OSG restricted stock units vest?
The 6,500 restricted stock units granted to Jeffrey Scott Stein vest on July 1, 2027. Vesting occurs one year after the July 1, 2026 grant date, rewarding continued Board service and deferring the benefit until that vesting milestone is reached.
Does this OSG Form 4 show a stock purchase or sale by Jeffrey Scott Stein?
The Form 4 shows an equity award, not a market trade. Stein acquired 6,500 restricted stock units at a stated price of $0.00 per unit, reflecting a grant of compensation rather than an open-market purchase or sale of Octave Specialty Group shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
