Reservoir Media (RSVR) director receives 1,231 DSUs as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Field Ezra S. reported acquisition or exercise transactions in this Form 4 filing.
Reservoir Media, Inc. director Ezra S. Field reported receiving a grant of 1,231 Deferred Stock Units (DSUs) as part of his quarterly compensation for serving as a non-employee director. The DSUs were valued at $10.15 per unit, based on the company’s closing share price on the grant date.
Each DSU is economically equivalent to one share of common stock and is scheduled to be settled in actual shares on January 1, 2027. After this award, Field’s directly held equity position reported in this filing totals 175,243 shares and DSU equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Field Ezra S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value | 1,231 | $10.15 | $12K |
Holdings After Transaction:
Common stock, $0.0001 par value — 175,243 shares (Direct, null)
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 January 1, 2027 (the "Settlement Date"). 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: 1,231 units
Grant valuation price: $10.15 per unit
Total holdings after grant: 175,243 shares/DSUs
+1 more
4 metrics
DSUs granted
1,231 units
Director quarterly compensation award
Grant valuation price
$10.15 per unit
Closing common stock price on grant date
Total holdings after grant
175,243 shares/DSUs
Direct equity position following transaction
Settlement date
January 1, 2027
DSUs convert into common shares
Key Terms
Deferred Stock Units, DSUs, 2021 Omnibus Incentive Plan, quarterly compensation, +1 more
5 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")"
quarterly compensation financial
"acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director"
FAQ
What did Ezra S. Field report in his Form 4 for Reservoir Media (RSVR)?
Ezra S. Field reported receiving 1,231 Deferred Stock Units (DSUs) as part of his quarterly compensation for serving as a non-employee director, with each DSU economically equivalent to one Reservoir Media common share.
How were the 1,231 DSUs for Reservoir Media (RSVR) valued on the grant date?
The 1,231 Deferred Stock Units were calculated using a price of $10.15 per unit, which was the closing price of Reservoir Media’s common stock on the grant date, directly linking the award’s value to the market price.
Why did Ezra S. Field receive DSUs instead of cash from Reservoir Media (RSVR)?
Ezra S. Field elected to receive his quarterly compensation for serving as a non-employee director in the form of Deferred Stock Units rather than cash, aligning his compensation with Reservoir Media’s equity performance over time.
What is Ezra S. Field’s total reported equity position in Reservoir Media (RSVR) after this grant?
After receiving the 1,231 Deferred Stock Units, Ezra S. Field’s directly held equity position reported in this filing totals 175,243 shares and DSU equivalents, reflecting his combined direct ownership and deferred stock-based compensation.