Reservoir Media COO awarded 155,318 RSUs
Lafargue Rell Q. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lafargue Rell Q. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Reservoir Media, Inc. reported that President and COO Rell Q. Lafargue Jr. received an equity award in the form of 155,318 Restricted Stock Units (RSUs) tied to its common stock. The award was granted at a stated price of $0.00 per share under the company’s 2021 Omnibus Incentive Plan.
Each RSU represents a contingent right to receive one share of Reservoir Media common stock. The RSUs will vest in two equal installments on May 31, 2027 and May 31, 2028, if he continues to serve the company through those dates. Following this grant, his directly held common stock/RSU-related position reported in this filing totals 611,254 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $0.0001 par value | 155,318 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest in two equal installments on May 31, 2027 and May 31, 2028, respectively, subject to the Reporting Person's continued service to the Issuer on such date.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
2021 Omnibus Incentive Plan financial
contingent right financial
vest financial
FAQ
What equity award did Reservoir Media (RSVR) grant to its President and COO?
When do the new RSUs for Reservoir Media (RSVR) executive Rell Lafargue vest?
Was the Reservoir Media (RSVR) RSU grant to Rell Lafargue an open-market purchase?
Under which plan were the new RSUs for Reservoir Media (RSVR) executive granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.