Reservoir Media (RSVR) director gets 492 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cook Stephen M. reported acquisition or exercise transactions in this Form 4 filing.
Reservoir Media, Inc. director Stephen M. Cook reported receiving 492 Deferred Stock Units (DSUs) as part of his quarterly compensation for service as a non-employee director. He elected to receive this compensation in DSUs instead of cash, with each DSU economically equivalent to one share of common stock valued at $10.15 on the grant date.
The DSUs are scheduled to be settled in shares of common stock on July 28, 2027. After this grant, Cook directly holds 946,609 shares of common stock and has an additional 226,089 shares held indirectly through BTCSJC Music LLC. He disclaims beneficial ownership of the underlying DSU shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook Stephen M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value | 492 | $10.15 | $5K |
| holding | Common stock, $0.0001 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.0001 par value — 946,609 shares (Direct, null);
Common stock, $0.0001 par value — 226,089 shares (Indirect, Owned by BTCSJC Music LLC)
Footnotes (1)
- Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 28, 2027. (the "Settlement Date"). The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein. The number of DSUs received was calculated based on $10.15, which was the closing price of the Issuer's Common Stock on the date of grant.
Key Figures
DSUs granted: 492 units
Grant valuation price: $10.15 per share
DSU settlement date: July 28, 2027
+2 more
5 metrics
DSUs granted
492 units
Quarterly director compensation grant
Grant valuation price
$10.15 per share
Closing common stock price on grant date
DSU settlement date
July 28, 2027
Date DSUs convert into common shares
Direct holdings after grant
946,609 shares
Common stock held directly by Stephen M. Cook
Indirect holdings
226,089 shares
Common stock owned by BTCSJC Music LLC
Key Terms
Deferred Stock Units, DSUs, 2021 Omnibus Incentive Plan, pecuniary interest
4 terms
Deferred Stock Units financial
"Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
DSUs financial
"Each DSU is the economic equivalent of one share of common stock"
DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.
2021 Omnibus Incentive Plan financial
"awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan")"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein"
