Reservoir Media (RSVR) 10% Owner Taylor Ryan Receives RSUs/DSUs

What Happened
Taylor Ryan, a 10% owner and non‑employee director of Reservoir Media, was granted awards on 2026-08-14: 502 restricted stock units (RSUs) priced at $9.96 (total reported value $5,000) and 8,032 deferred stock units (DSUs) recorded at $0 but calculated using the $9.96 close (economic equivalent ≈ $80,000). These awards are compensation (transaction code A) rather than open‑market purchases or sales.

Key Details

• Transaction date: August 14, 2026; grant/award (code A).
• RSUs: 502 units at $9.96 each — reported value $5,000; RSUs vest July 28, 2027 (subject to continued board service).
• DSUs: 8,032 units awarded (issued as DSUs under the 2021 Omnibus Incentive Plan); number calculated using $9.96 closing price. DSUs will be settled in shares on July 28, 2027.
• Shares owned after the transaction: not specified in the provided excerpt.
• Notable footnotes: DSUs are economic equivalents of common shares and will settle to stock; Ryan directed settlement shares to be transferred into the account of The Fund he manages; he disclaims beneficial ownership except for pecuniary interest. The filing also notes relationships to Richmond Hill entities and a prior transfer/settlement of 70,009 shares into the Fund.
• Filing timeliness: no late‑filing flag provided in the supplied data.

Context
These awards are director compensation (common for non‑employee board members) and do not represent an open‑market buy or sell. RSUs vest and DSUs settle on July 28, 2027, contingent on continued service; because Ryan is a 10% owner and manager of related investment vehicles, some or all settlement shares are being directed into fund accounts and he disclaims beneficial ownership beyond his pecuniary interest. Awards are generally neutral — they compensate service rather than signal a personal investment decision.