Reservoir Media director granted 8,032 RSUs
ER Reservoir LLC reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
ER Reservoir LLC reported acquisition or exercise transactions in this Form 4 filing.
Reservoir Media, Inc. (ticker RSVR) reported equity compensation awards and updated holdings for entities associated with director Ryan P. Taylor. On August 14, 2026, 8,032 shares of common stock underlying Restricted Stock Units (RSUs) were awarded to Mr. Taylor under the 2021 Omnibus Incentive Plan as part of his annual equity compensation for service as a non-employee director. These RSUs vest on July 28, 2027, subject to his continued board service.
On the same date, Mr. Taylor also received 502 Deferred Stock Units (DSUs), representing the economic equivalent of common shares, as quarterly director compensation after electing DSUs in lieu of cash, calculated using the $9.96 closing price on the grant date and to be settled in shares on July 28, 2027. The reported beneficial ownership includes 8,032 shares underlying RSUs and 3,667 shares underlying DSUs. ER Reservoir LLC (the Fund) is shown as directly holding 13,662,802 shares of common stock, with various Richmond Hill entities and Mr. Taylor each potentially deemed beneficial owners of portions of these securities, while all such parties disclaim beneficial ownership except to the extent of their pecuniary interests. Mr. Taylor has directed that shares issued upon settlement of his RSUs and DSUs be transferred into the Fund’s account at settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 8,534 shares
Grant/Award
3 txns
Insider
ER Reservoir LLC, Richmond Hill Investments, LLC, Richmond Hill Investment Co., LP, Richmond Hill Capital Management, LLC, Taylor Ryan P.
Role
10% Owner | Insider | Insider | Insider | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value F1, F4 | 8,032 | $0.00 | $0.00 |
| Grant/Award | Common stock, $0.0001 par value F2, F3, F4 | 502 | $9.96 | $5K |
| holding | Common stock, $0.0001 par value F5, F6, F7, F8 | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.0001 par value — 11,699 shares (Indirect, See Footnote);
Common stock, $0.0001 par value — 13,662,802 shares (Direct)
Footnotes (8)
- F1. The Shares being reported represent Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan") to Ryan P. Taylor. Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The RSUs were issued in connection with Mr. Taylor's annual equity compensation for service as a non-employee director. The RSUs will vest on July 28, 2027, subject to Mr. Taylor's continued service on the board of directors (the "Board") of the Issuer on such date.
- F2. The shares being reported represent Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan") to Ryan P. Taylor. 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 DSUs were issued in connection with Mr. Taylor's quarterly compensation for service as a non-employee director. Mr. Taylor elected to receive payment of his quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on July 28, 2027 (the "Settlement Date").
- F3. 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.
- F4. Amount of securities beneficially owned following the reported transaction includes 8,032 shares of Common Stock underlying Restricted Stock Units ("RSUs") and 3,667 shares of Common Stock underlying DSUs awarded to Mr. Taylor 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"), Mr. Taylor 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. Mr. Taylor disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
- F5. The Reporting Persons listed on this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such group.
- F6. The amount of securities shown in this row is owned directly by the Fund. As a manager of the Fund, Richmond Hill Investments, LLC (the "RHI Manager") may be deemed to be a beneficial owner of 9,909,532 of the Issuer's securities held by the Fund. As a manager of the Fund, Richmond Hill Investment Co., LP (the "RHIC Manager") may be deemed to be a beneficial owner of 3,757,270 of the Issuer's securities held by the Fund. As the general partner of the RHIC Manager, Richmond Hill Capital Management, LLC (the "General Partner") may be deemed to be a beneficial owner of 3,757,270 of the Issuer's securities held by the Fund. (continued in footnote 7)
- F7. (Continued from footnote 6) As the manager of the General Partner, Ryan P. Taylor may be deemed to be a beneficial owner of 3,757,270 of the Issuer's securities held 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 Mr. Taylor directed to be transferred to the account of the Fund due to his position as the manager of the general partner of a manager of the Fund. Each of the RHI Manager, the RHIC Manager, the General Partner and Mr. Taylor 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 its or his respective pecuniary interest therein.
- F8. The Reporting Persons listed on this Form 4 may be deemed members of a group with Essex Equity Joint Investment Vehicle, LLC and certain of its affiliates (collectively, the "Essex Entities") and Richmond Hill Capital Partners, LP and certain of its affiliates (collectively, the "RHCP Entities"), which have each previously filed a Form 3 and Forms 4 with respect to equity securities of the Issuer. The filing of this Form 4 shall not be deemed to be an admission that the Reporting Persons are members of such a group with any of the Essex Entities or the RHCP Entities and the Reporting Persons disclaim beneficial ownership of any securities beneficially owned by the Essex Entities and the RHCP Entities, except to the extent of their pecuniary interests therein.
Key Figures
RSUs granted: 8,032 shares
DSUs granted: 502 units
DSU grant price: $9.96 per share
+5 more
8 metrics
RSUs granted
8,032 shares
RSUs awarded to Ryan P. Taylor on August 14, 2026, vesting July 28, 2027
DSUs granted
502 units
DSUs awarded as quarterly non-employee director compensation on August 14, 2026
DSU grant price
$9.96 per share
Closing price of common stock used to calculate DSUs on grant date
RSU and DSU settlement/vesting date
July 28, 2027
Date when RSUs vest and DSUs are settled in shares, subject to service
Fund direct holdings
13,662,802 shares
Common stock of Reservoir Media, Inc. held directly by ER Reservoir LLC
RHI Manager deemed beneficial ownership
9,909,532 shares
Portion of the issuer’s securities held by the Fund that RHI Manager may be deemed to own
RHIC Manager and General Partner deemed beneficial ownership
3,757,270 shares
Issuer’s securities held by the Fund that RHIC Manager and General Partner may be deemed to own
Prior RSU/DSU settlement transfers
70,009 shares
Shares previously received upon RSU and DSU settlement and directed into the Fund’s account
Key Terms
Restricted Stock Units ("RSUs"), Deferred Stock Units ("DSUs"), pecuniary interest, non-employee director, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"The Shares being reported represent Restricted Stock Units ("RSUs") awarded"
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.
Deferred Stock Units ("DSUs") financial
"The shares being reported represent Deferred Stock Units ("DSUs") awarded"
pecuniary interest financial
"disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest"
non-employee director financial
"RSUs and DSUs awarded to Mr. Taylor for service as a non-employee director"
Section 16 of the Exchange Act regulatory
"disclaims any beneficial ownership ... for purposes of Section 16 of the Exchange Act"
FAQ
What insider equity awards were reported for RSVR director Ryan P. Taylor?
Ryan P. Taylor received 8,032 RSUs and 502 DSUs of Reservoir Media, Inc. common stock as non-employee director compensation. The RSUs and DSUs were granted under the 2021 Omnibus Incentive Plan and settle or vest on July 28, 2027, subject to continued service.
At what price were the DSUs for RSVR calculated in this Form 4?
The DSUs were calculated using $9.96 per share, the closing price of Reservoir Media, Inc. common stock on the grant date. This price determined the number of DSUs issued when Ryan P. Taylor elected stock units instead of cash quarterly director compensation.
When do Ryan P. Taylor’s RSVR RSUs and DSUs vest or settle?
Both the 8,032 RSUs and the DSUs awarded to Ryan P. Taylor are scheduled to vest or be settled in shares on July 28, 2027. Vesting and settlement are conditioned on his continued service on Reservoir Media, Inc.’s board through that date.
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