Field Ezra S. 4
4 · Reservoir Media, Inc. · Filed Nov 25, 2022
Insider Transaction Report
Form 4
Field Ezra S.
Director
Transactions
- Award
Common stock, $0.0001 par value
2022-11-22+2,049→ 86,497 total
Footnotes (2)
- [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. The Reporting Person elected to receive payment of their quarterly compensation in DSUs in lieu of cash. The DSUs will be settled in shares of Common Stock on January 1, 2023, subject to the Reporting Person's continued service on the Board on such date.
- [F2]The number of DSUs received was calculated based on $6.10, which was the closing price of the Issuer's Common Stock on the date of grant.