Taylor Ryan P. 4
4 · Reservoir Media, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Reservoir Media (RSVR) Director Taylor Ryan Receives Award
What Happened Taylor Ryan P., a non‑employee director and reported 10% owner, was awarded 492 Deferred Stock Units (DSUs) on 2026-06-22 at a calculated value of $10.15 each, for a total value of $4,994. The Form 4 lists the transaction as an award/grant (code A). These DSUs were issued in lieu of quarterly cash compensation and will be settled into shares of Reservoir Media common stock on July 28, 2027.
Key Details
- Transaction date: 2026-06-22; Form 4 filed 2026-06-24 (timely).
- Award: 492 DSUs; price basis used: $10.15 (closing price on grant date); total value ≈ $4,994.
- Settlement: DSUs convert to common shares on 2027-07-28.
- Ownership after transaction: not explicitly stated on this Form 4; the reporting person disclaims beneficial ownership of underlying shares except to the extent of his pecuniary interest.
- Notable footnotes: DSUs are economic equivalents of one share each (FN1); number calculated from closing price (FN2). Reporting person has directed some RSU/DSU settlements to be transferred to a Fund he manages (FNs 3–6), and may be deemed a beneficial owner of Fund/RHCP holdings only to the extent of pecuniary interest.
- Transaction type: Award/grant (A) — not an open‑market buy or sale.
Context This was a compensation award (deferred units), not a market purchase or sale. DSU awards are routine for non‑employee directors and reflect compensation, not an immediate cash outlay or active trading decision. Because the units are deferred and will settle later, they don’t represent immediate share sales or purchases by the insider.
Insider Transaction Report
Form 4
Taylor Ryan P.
DirectorOther
Transactions
- Award
Common stock, $0.0001 par value
[F1][F2][F3]2026-06-22$10.15/sh+492$4,994→ 13,595 total
Holdings
- 179,389(indirect: By Richmond Hill Capital Partners, LP)
Common stock, $0.0001 par value
[F4] - 13,652,372(indirect: By LLC)
Common stock, $0.0001 par value
[F5][F6]
Footnotes (6)
- [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 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 July 28, 2027 (the "Settlement Date"). The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
- [F2]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.
- [F3]Represents Restricted Stock Units ("RSUs") and DSUs awarded in connection with the Reporting Person's compensation 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"), Reporting Person has directed the issuer to to transfer shares upon settlement of the RSUs and DSUs into the account of the Fund on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
- [F4]The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). The Reporting Person is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the shares owned by RHCP. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
- [F5]The amount of securities shown in this row is owned directly by the Fund. The Reporting Person is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the shares owned by the Fund. The amount of securities shown in this row also reflects a transfer of a total of 59,579 shares of Common Stock received upon the settlement of previously issued RSUs and DSUs that the Reporting Person directed to be transferred into the account of the Fund due to his position as the manager of the general partner of a manager of the Fund (Cont'd in FN 6)
- [F6](Cont'd from FN 5) The Reporting Person 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 his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. The amount of 418,576 shares of Common Stock owned directly by Essex Equity Joint Investment Vehicle, LLC previously reported on Form 4's by the Reporting Person have been removed from this and any subsequent Form 4's of the Reporting Person with respect to the Common Stock of the Issuer as such shares of Common Stock are no longer deemed to be beneficially owned by the Reporting Person.
Signature
/s/ James A. Heindlmeyer, as attorney-in-fact for Ryan P. Taylor|2026-06-24