Octave Specialty Group (OSG) director reports 4,524 RSU grant and 8,650 held
Rhea-AI Filing Summary
Octave Specialty Group Inc. director reported receiving restricted stock units that could convert into common shares. On January 1, 2026, the reporting person was granted 4,524 restricted stock units (RSUs), each tied to one share of Octave Specialty Group Inc. common stock. The RSUs are listed with a price of $0 and are shown as a direct holding.
The filing states that these RSUs will vest on January 1, 2027. Once vested, they will settle into shares of common stock on the earlier of the vesting date or the date the director resigns from, or otherwise ceases to be a member of, the company’s Board of Directors, unless the director elects to defer settlement. After this transaction, the filing shows 8,650 derivative securities beneficially owned.
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FAQ
What insider transaction did Octave Specialty Group Inc (OSG) disclose in this Form 4?
The filing reports that a director of Octave Specialty Group Inc. received 4,524 restricted stock units (RSUs) on January 1, 2026, each representing a right to receive one share of the company’s common stock.
When do the reported Octave Specialty Group Inc (OSG) RSUs vest?
The restricted stock units granted on January 1, 2026 are scheduled to vest on January 1, 2027, according to the filing.
How are the Octave Specialty Group Inc (OSG) RSUs settled after vesting?
The filing states that vested RSUs will settle and convert into shares of common stock on the earlier of the vesting date or the date the reporting person resigns from, or otherwise ceases to be, a member of the Board of Directors, unless the director elects to defer settlement.
What does each Octave Specialty Group Inc (OSG) RSU represent?
Each restricted stock unit represents a contingent right to receive one share of Octave Specialty Group Inc. common stock.
How many derivative securities does the Octave Specialty Group Inc (OSG) director own after this transaction?
After the reported grant, the filing shows that the reporting person beneficially owns 8,650 derivative securities related to Octave Specialty Group Inc.
What is the role of the reporting person at Octave Specialty Group Inc (OSG)?
The reporting person is identified as a Director of Octave Specialty Group Inc. in the filing.