Reservoir Media (NASDAQ: RSVR) awards director 8,032 RSUs and 502 DSUs
Rhea-AI Filing Summary
Reservoir Media, Inc. (RSVR) reported that a non-employee director, as the reporting person, received equity-based compensation on August 14, 2026. The director acquired 502 Deferred Stock Units (DSUs) based on the $9.96 closing price, in lieu of cash fees, and 8,032 Restricted Stock Units (RSUs), both under the company’s 2021 Omnibus Incentive Plan. The DSUs will be settled in common shares on July 28, 2027, and the RSUs will vest on the same date subject to continued board service; shares issued upon settlement are directed to an investment fund associated with the director, who disclaims beneficial ownership except for any pecuniary interest. Indirect holdings are reported through Richmond Hill Capital Partners, LP and ER Reservoir, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,534 shares
Net Buy
4 txns
Insider
Taylor Ryan P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value F1, F2 | 502 | $9.96 | $5K |
| Grant/Award | Common stock, $0.0001 par value F3, F4 | 8,032 | $0.00 | $0.00 |
| holding | Common stock, $0.0001 par value F5 | -- | -- | -- |
| holding | Common stock, $0.0001 par value F6, F7 | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.0001 par value — 11,699 shares (Direct);
Common stock, $0.0001 par value — 179,389 shares (Indirect, By Richmond Hill Capital Partners, LP);
Common stock, $0.0001 par value — 13,662,802 shares (Indirect, By ER Reservoir, LLC)
Footnotes (7)
- F1. 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.
- F2. The number of DSUs received was calculated based on $9.96, which was the closing price of the Issuer's Common Stock on the date of grant.
- F3. Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest on July 28, 2027, subject to Reporting Person's continued service on the board of directors (the "Board") of the Issuer on such date.
- F4. Represents RSUs and DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC (the "Fund"), Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of The Fund on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
- F5. The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). The Reporting Person is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the shares owned by RHCP. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
- F6. The amount of securities shown in this row is owned directly by the Fund. The Reporting Person is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the shares owned by the Fund. The amount of securities shown in this row also reflects a transfer of a total of 70,009 shares of Common Stock received upon the settlement of previously issued RSUs and DSUs that the Reporting Person directed to be transferred into the account of the Fund due to his position as the manager of the general partner of a manager of the Fund (Cont'd in FN 7)
- F7. (Cont'd from FN6) The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
DSUs granted: 502 DSUs
DSU grant price reference: $9.96 per share
RSUs granted: 8,032 RSUs
+4 more
7 metrics
DSUs granted
502 DSUs
Deferred Stock Units awarded to the director as quarterly compensation on August 14, 2026
DSU grant price reference
$9.96 per share
Closing price of Reservoir Media, Inc. common stock used to calculate DSUs on grant date
RSUs granted
8,032 RSUs
Restricted Stock Units awarded under the 2021 Omnibus Incentive Plan on August 14, 2026
DSU and RSU settlement/vesting date
July 28, 2027
Settlement date for DSUs and vesting date for RSUs, subject to continued board service
Indirect shares via RHCP
179,389 shares
Common stock owned directly by Richmond Hill Capital Partners, LP and reported as indirect ownership
Indirect shares via ER Reservoir, LLC
13,662,802 shares
Common stock owned directly by ER Reservoir, LLC, including 70,009 shares from prior RSU/DSU settlements
Prior RSU/DSU settlement transfers
70,009 shares
Shares transferred into the fund’s account upon settlement of previously issued RSUs and DSUs
Key Terms
Deferred Stock Units ("DSUs"), Restricted Stock Units ("RSUs"), pecuniary interest, Settlement Date, +1 more
5 terms
Deferred Stock Units ("DSUs") financial
"Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus"
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") awarded under the Plan. Each RSU represen"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
pecuniary interest financial
"disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest"
Settlement Date financial
"This issuance of DSUs will be settled in shares of Common Stock on July 28, 2027 (the "Settlement Date""
The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.
beneficial owner financial
"may be deemed to be a beneficial owner of the shares owned by RHCP"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
FAQ
What equity awards did the director receive from Reservoir Media, Inc. (RSVR) on August 14, 2026?
The director received 502 DSUs and 8,032 RSUs of Reservoir Media, Inc. common stock as compensation under the 2021 Omnibus Incentive Plan. The DSUs were based on a $9.96 share price, and both awards represent non-cash director compensation.
How was the number of DSUs for the RSVR director award calculated?
The 502 DSUs were calculated using a reference price of $9.96 per share, which was the closing price of Reservoir Media, Inc.’s common stock on the grant date. The director elected to receive quarterly board compensation in DSUs instead of cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
