Octave Specialty Group (OSG) EVP Smith exercises 11,779 RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Octave Specialty Group Inc. executive Sharon R. Smith, Exec VP & Group COO, acquired common stock through the vesting and settlement of 11,779 Restricted Stock Units (RSUs) under her 2025 Long Term Incentive Plan. To cover tax obligations, 4,635 of the resulting shares were withheld by the company. Following these transactions, she holds 160,961 shares of common stock directly and 132,093 RSUs, which continue to vest in three equal annual installments on July 9, 2026, July 9, 2027, and July 9, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,779 shares exercised/converted
Mixed
3 txns
Insider
Smith R Sharon
Role
Exec VP & Group COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,779 | $0.00 | -- |
| Exercise | Common Stock | 11,779 | -- | -- |
| Tax Withholding | Common Stock | 4,635 | $6.08 | $28K |
Holdings After Transaction:
Restricted Stock Units — 132,093 shares (Direct);
Common Stock — 160,961 shares (Direct)
Footnotes (1)
- The reporting person acquired shares of common stock Octave Specialty Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's restricted stock unit ("RSU") awards as part of their 2025 Long Term Incentive Plan. Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. Each RSU represents a contingent right to receive one share of the common stock of the Company's common stock. The RSUs vested pursuant to the first of three equal annual installments under the reporting person's 2025 Long Term Incentive Plan award, which vests in equal installments on July 9, 2026, July 9, 2027, and July 9, 2028.
Key Figures
RSUs Converted to Common Stock: 11,779 shares
Shares Withheld for Taxes: 4,635 shares
Tax Withholding Reference Price: $6.08 per share
+3 more
6 metrics
RSUs Converted to Common Stock
11,779 shares
RSUs vested and settled into common stock on July 9, 2026 under 2025 LTIP
Shares Withheld for Taxes
4,635 shares
Common shares withheld to satisfy tax withholding obligations at $6.08 per share
Tax Withholding Reference Price
$6.08 per share
Price per share used for tax-withholding disposition of 4,635 common shares
Common Shares Held After Transactions
160,961 shares
Direct ownership of Octave Specialty Group common stock after Form 4 transactions
RSUs Remaining After Conversion
132,093 RSUs
Restricted Stock Units remaining following conversion of 11,779 RSUs into common shares
RSU Vesting Installments
3 annual installments
Vesting on July 9, 2026, July 9, 2027, and July 9, 2028 under 2025 LTIP award
Key Terms
Restricted Stock Units, tax withholding obligations, Long Term Incentive Plan
3 terms
Restricted Stock Units financial
"The reporting person acquired shares of common stock ... upon the vesting and settlement of a portion of the reporting person's restricted stock unit"
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.
tax withholding obligations financial
"withheld by the Company to satisfy certain tax withholding obligations"
Long Term Incentive Plan financial
"as part of their 2025 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What did Octave Specialty Group (OSG) executive Sharon R. Smith report in this Form 4?
Sharon R. Smith reported the vesting and settlement of 11,779 RSUs into common stock, with a portion of the shares withheld to satisfy tax withholding obligations under her 2025 Long Term Incentive Plan.
How many Restricted Stock Units does Sharon R. Smith still hold at Octave Specialty Group (OSG)?
Following the conversion of 11,779 RSUs into common stock, Sharon R. Smith continues to hold 132,093 RSUs, which represent contingent rights to receive an equal number of Octave Specialty Group common shares.
What is the vesting schedule for Sharon R. Smith’s 2025 Long Term Incentive Plan RSUs at OSG?
The RSUs under the 2025 Long Term Incentive Plan vest in three equal annual installments on July 9, 2026, July 9, 2027, and July 9, 2028, with each vested RSU converting into one share of common stock.
Was Sharon R. Smith’s Octave Specialty Group (OSG) Form 4 transaction an open-market sale or purchase?
The filing shows a derivative exercise of RSUs and a tax-withholding disposition; there were no open-market purchases or sales, as shares were acquired via vesting and some withheld for taxes.