Reservoir Media (RSVR) Director Adam Rothstein Receives Award

What Happened

• Adam Rothstein, a director of Reservoir Media, received equity awards on Aug 14, 2026. The filing shows two grants: 502 restricted stock units (RSUs) recorded at $9.96/share (total ≈ $5,000) and 8,032 deferred stock units (DSUs) reported with $0 immediate acquisition price (economic value ≈ $80,000 based on $9.96 share price). These awards are compensation for his service as a non-employee director rather than an open-market purchase or sale.

Key Details

• Transaction date: August 14, 2026; Form 4 filed Aug 18, 2026 (filing appears timely).
• Awards: 502 RSUs at $9.96 (value ≈ $5,000) and 8,032 DSUs at $0.00 (DSUs valued using $9.96 close).
• Total units awarded: 8,534 units; approximate combined economic value ≈ $85,000 based on the $9.96 closing price.
• DSU settlement: DSUs will be settled in shares of common stock on January 1, 2027 (per footnote).
• RSU vesting: RSUs vest on July 28, 2027, subject to continued board service (per footnote).
• Shares owned after the transaction: not specified in the filing.
• Nature of transaction: Award/grant (code A) — compensation, not a purchase/sale.

Context

• DSUs and RSUs are deferred/contingent equity awards: DSUs are a cash/equity deferral that will be settled in shares at a later date; RSUs vest on a future date if the director remains in service. Because these awards are compensation and not immediate sales or open-market purchases, they reflect standard director pay rather than an immediate bullish or bearish trading signal.