Reservoir Media (RSVR) grants CFO James Heindlmeyer 18,567 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heindlmeyer James A reported acquisition or exercise transactions in this Form 4 filing.
Reservoir Media, Inc. reported that its Chief Financial Officer, James A. Heindlmeyer, received a grant of 18,567 shares of common stock in the form of Restricted Stock Units (RSUs). These RSUs were awarded at no cash purchase price as part of his compensation.
The RSUs vest in two equal installments on May 31, 2027 and May 31, 2028, contingent on his continued service with the company through those dates. Following this grant, Heindlmeyer directly holds 89,578 shares of Reservoir Media common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heindlmeyer James A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value | 18,567 | $0.00 | -- |
Holdings After Transaction:
Common stock, $0.0001 par value — 89,578 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 18,567 RSUs
Holdings after grant: 89,578 shares
First vesting date: May 31, 2027
+1 more
4 metrics
RSU grant size
18,567 RSUs
Equity award to CFO James A. Heindlmeyer
Holdings after grant
89,578 shares
Direct common stock held by CFO after RSU award
First vesting date
May 31, 2027
Half of the RSUs vest, subject to continued service
Second vesting date
May 31, 2028
Remaining RSUs vest, subject to continued service
Key Terms
Restricted Stock Units ("RSUs"), 2021 Omnibus Incentive Plan, contingent right, vest
4 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan."
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.
2021 Omnibus Incentive Plan financial
"awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan."
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
vest financial
"The RSUs will vest in two equal installments on May 31, 2027 and May 31, 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Reservoir Media (RSVR) report for its CFO?
Reservoir Media reported that CFO James A. Heindlmeyer received 18,567 Restricted Stock Units (RSUs) as an equity award. The grant involves no cash purchase and increases his direct common stock holdings to 89,578 shares, aligning his compensation more closely with shareholder interests.
When do the new RSUs granted to the Reservoir Media (RSVR) CFO vest?
The 18,567 RSUs granted to Reservoir Media’s CFO vest in two equal installments on May 31, 2027 and May 31, 2028. Each vesting date is contingent on his continued service with the company, meaning he must remain employed through those dates.
What type of security was granted to the Reservoir Media (RSVR) CFO?
The CFO received Restricted Stock Units (RSUs), each representing a contingent right to one share of Reservoir Media common stock. These RSUs were granted under the company’s 2021 Omnibus Incentive Plan and will convert into shares as they vest in 2027 and 2028.
Was the Reservoir Media (RSVR) CFO’s RSU grant an open-market stock purchase?
No, the CFO’s 18,567-share award was a grant of RSUs, not an open-market stock purchase. RSUs are equity-based compensation granted by the company at no cash purchase price, which become actual shares only as they vest over time.