Reservoir Media (RSVR) Director Neil de Gelder Receives Award

What Happened
Neil de Gelder, a director of Reservoir Media, Inc. (RSVR), was awarded 8,032 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports the grant at $0.00 per unit (no cash exchanged at grant). Each RSU represents a contingent right to receive one share of common stock; the award will vest on July 28, 2027 subject to de Gelder’s continued service on the board.

Key Details

• Transaction date and price: Grant on 2026-08-14; 8,032 RSUs @ $0.00 per unit (total reported cash value $0).
• Filing date: Form 4 filed 2026-08-18 (filed within the typical 2-business-day Form 4 deadline for an Aug 14 transaction).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: RSUs awarded under the 2021 Omnibus Incentive Plan; each RSU converts to one share upon vesting on July 28, 2027, contingent on continued board service.
• Transaction type: Award/Grant (code A) — not a purchase or sale.

Context
RSU grants to directors are typically routine compensation and do not involve immediate cash or open-market activity. These awards only become shares if and when they vest; until then they are contingent rights and do not indicate an immediate change in ownership or market disposition.