Field Ezra S. 4
4 · Reservoir Media, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Reservoir Media (RSVR) Director Ezra S. Field Receives Award
What Happened
Ezra S. Field, a director of Reservoir Media, Inc. (RSVR), was granted 1,231 Deferred Stock Units (DSUs) on 2026-06-22 as compensation, calculated at $10.15 per share for a total grant value of $12,495. This was an award/compensation issuance (not an open-market purchase or sale) and represents the director electing to receive quarterly pay in DSUs instead of cash.
Key Details
- Transaction date and price: 2026-06-22; DSUs calculated at $10.15 (closing price) per share.
- Quantity/value: 1,231 DSUs; aggregate grant value $12,495.
- Settlement: DSUs will be settled in common stock on January 1, 2027.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing: Report filed 2026-06-24 for the 2026-06-22 grant (appears timely; Form 4 filed two days after the transaction).
- Footnotes: F1 — DSUs awarded under the 2021 Omnibus Incentive Plan as quarterly director compensation in lieu of cash; F2 — number of DSUs was calculated using the $10.15 closing stock price.
Context
DSUs are a deferred-compensation instrument that track the economic value of one share each and will convert to actual shares on the stated settlement date; they are commonly used for non-employee director compensation. Because this was a compensation grant (award), it should be viewed as routine director pay rather than a direct market-based purchase or sale.
Insider Transaction Report
- Award
Common stock, $0.0001 par value
[F1][F2]2026-06-22$10.15/sh+1,231$12,495→ 175,243 total
Footnotes (2)
- [F1]Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on January 1, 2027 (the "Settlement Date").
- [F2]The number of DSUs received was calculated based on $10.15, which was the closing price of the Issuer's Common Stock on the date of grant.