Reservoir Media (RSVR) Director Ezra S. Field Receives Stock Awards

What Happened

• Ezra S. Field, a director of Reservoir Media, Inc. (RSVR), was granted equity awards on Aug 14, 2026: 1,255 Restricted Stock Units (RSUs) reported at $6.96 each (total $8,735) and 8,032 Deferred Stock Units (DSUs) reported with $0 immediate cash value. The DSUs were issued in lieu of quarterly cash director compensation.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026.
• Grants: 1,255 RSUs @ $6.96 (value reported $8,735); 8,032 DSUs reported at $0 acquisition price on the form.
• Economic reference: Footnote states DSU count was calculated using the closing price $9.96 on the grant date, implying an economic value for the 8,032 DSUs of roughly $80,000 (8,032 × $9.96 ≈ $79,999).
• Vesting/settlement: DSUs will be settled in shares on January 1, 2027; RSUs vest on July 28, 2027, subject to continued board service.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form dated Aug 18, 2026 reports the Aug 14, 2026 grants; the document does not flag a late filing.

Context

• DSUs are a deferred compensation instrument that are the economic equivalent of common shares and will be converted to actual shares on the settlement date — they are not an open-market purchase (not an immediate bullish cash purchase).
• RSUs are grant-based awards that only convert to shares if vesting conditions (continued service through July 28, 2027) are met; these types of director compensation are common and do not by themselves indicate insider trading intent.