IGLESIAS LISA G 4
4 · OCTAVE SPECIALTY GROUP INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Octave Specialty (OSG) Director Lisa Iglesias Receives RSU Award
What Happened Lisa G. Iglesias, a director of Octave Specialty Group, Inc. (OSG), was granted 7,441 restricted stock units (RSUs) on April 1, 2026. The grant was recorded at $0.00 per unit (transaction code A — award/grant; derivative instrument). The RSUs represent contingent rights to receive one share of common stock per RSU upon settlement; no shares were issued or sold in this transaction.
Key Details
- Transaction date: 2026-04-01; filing date/accession: 2026-04-02 (filed the next day; appears timely).
- Award size: 7,441 RSUs; grant price reported as $0.00 (no cash paid).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: F1 — each RSU converts to one share when settled; F2 — RSUs vest on April 1, 2027 and will settle into shares upon the earlier of vesting or the reporting person leaving the Board, unless settlement is deferred by the reporting person.
- Transaction type: derivative award (RSU grant), code A on Form 4.
Context RSU grants to directors are a common form of equity compensation and are not an open-market purchase or sale. These RSUs do not create immediate share ownership until they vest and settle, so they are not a direct market signal like a purchase or sale.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-04-01+7,441→ 16,091 total→ Common Stock (7,441 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Octave Specialty Group, Inc. (the "Company").
- [F2]RSU's granted on April 1, 2026 shall vest one year later on April 1, 2027. RSUs that have become vested shall settle and convert into shares of common stock upon the earlier of the vesting date or the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company, unless otherwise deferred upon the election of the Reporting person.