Octave Specialty (OSG) CEO Claude LeBlanc Receives RSU Shares

What Happened
Claude LeBlanc, CEO of Octave Specialty Group, received 39,380 shares when a portion of his 2025 Long Term Incentive Plan RSUs vested on July 9, 2026. The company withheld 21,777 of those shares to satisfy tax withholding obligations at $6.08 per share (withheld value reported as $132,404), resulting in a net delivery of 17,603 shares to LeBlanc. This transaction was a settlement of RSUs (award vesting), not an open‑market purchase or discretionary sale.

Key Details

• Transaction date: July 9, 2026; Form filed July 13, 2026 (filed 4 days after the transaction). Form 4s are typically due within 2 business days, so the filing date is later than usual.
• Converted/settled RSUs: 39,380 shares (derivative conversion, code M).
• Shares withheld for taxes: 21,777 shares at $6.08/share, totaling ~$132,404 (code F).
• Net shares delivered to insider: 17,603 shares (39,380 − 21,777).
• Footnotes: RSUs represent a right to one share each; these RSUs were the first of three equal annual installments under the 2025 LTIP (vesting July 9 of 2026–2028).

Context
This was an award settlement (RSU vesting) with shares withheld for tax — a routine corporate compensation event rather than a buy or sell signal. The derivative code (M) reflects conversion/exercise of contingent stock units into common shares; the withholding (F) is a cashless method to cover tax obligations. Such vesting-related filings are common for executives and do not by themselves indicate the insider’s view of the company’s stock.