Octave Specialty Group Inc: CEO Claude LeBlanc exercised 221,188 shares

What happened

• Claude LeBlanc, CEO, exercised or converted derivative awards on Oct 03, 2026 that resulted in the acquisition of 221,188 shares of common stock and the disposition (withholding) of 20,059 shares to satisfy tax withholding obligations. The filing shows tax-withheld dispositions of 8,421 shares at $4.60 for $38,737 and 11,638 shares at $4.60 for $53,535 (aggregate $92,272). The filing also reports conversions/dispositions of 232,816 RSUs into DSUs or other derivative entries per the filing.

Key details

• Transaction date: Oct 03, 2026; Form filed Oct 06, 2026.
• Prices reported: tax withholding at $4.60 per share; several derivative entries reported at $0.00 or N/A.
• Shares owned after the transaction: not stated in the information provided.
• Relevant footnotes: F1 vesting/settlement of RSUs under the 2025 Long Term Incentive Plan; F2 RSUs withheld to satisfy tax withholding; F3 each RSU equals one share; F5/F6 RSUs converted into deferred share units (DSUs) under the executive deferral plan.
• Filing timeliness: filing date is Oct 06, 2026; the filing does not indicate a late (L) transaction code.

Why it may matter

• The filing shows vested RSUs were settled and a portion of shares were withheld to satisfy tax obligations (a net settlement/cashless-type result).
• Part of the RSUs were converted into DSUs under the company’s executive stock deferral plan, which is a non-market deferral of settlement.
• A filing does not show why the insider traded or why the company acted.