LeBlanc Claude 4

What Happened Claude LeBlanc, CEO of Octave Specialty Group, Inc. (OSG), received a grant of 99,375 restricted stock units (RSUs) on March 23, 2026. The award was reported as a derivative acquisition with a $0.00 grant price — RSUs are contingent rights to receive shares rather than immediate share purchases or sales.

Key Details

• Transaction date: March 23, 2026; Filing date: March 25, 2026 (Form 4 filed two days after the transaction).
• Transaction type/code: Award/Grant (A); 99,375 RSUs granted at $0.00 (derivative).
• Vesting: RSUs vest in three equal annual installments on March 23, 2027; March 23, 2028; and March 23, 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 explains each RSU equals a contingent right to one share. F2 describes the 2026 Long Term Incentive Plan grant and the three-year vesting schedule.
• Timeliness: Filing appears timely (filed two days after the transaction); no late filing indicated.

Context RSUs are a form of compensation that convert to actual shares only upon vesting and are generally intended as long-term incentive pay; they are not an immediate cash purchase or sale and do not necessarily signal a near-term trading intent. When RSUs vest in the future they may be subject to tax withholding or other company withholding policies that can reduce the number of shares ultimately delivered.