LAMMTENNANT JOAN M 4

What Happened
Joan M Lammtennant, a director of Octave Specialty Group, Inc. (OSG), was granted 6,500 restricted stock units (RSUs) on July 1, 2026. The grant is reported as a derivative award at $0.00 per unit (no cash paid at grant). Each RSU represents a contingent right to one share of OSG common stock; the grant is an equity award (compensation) rather than a purchase or sale.

Key Details

• Transaction date: July 1, 2026; reported on Form 4 filed July 7, 2026. The filing appears later than the usual two-business-day Form 4 deadline.
• Grant: 6,500 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting/settlement (per footnotes): RSUs vest on July 1, 2027 and will convert into shares when the director resigns/ceases to be a board member or upon a change of control.
• Shares owned after transaction: not specified in the provided excerpt.
• No tax withholding, 10b5-1 plan, or immediate sale indicated in the filing.

Context
RSU grants are a common form of director compensation and do not require an immediate cash outlay or indicate an outright market purchase. The economic value depends on OSG’s future share price at settlement/vesting. Note the apparent delay between the grant date and the Form 4 filing; late filings can reduce transparency for investors but do not necessarily imply any other issue.