Lafargue Rell Q. Jr. 4
4 · Reservoir Media, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Reservoir Media (RSVR) President & COO Lafargue Receives RSU Award
What Happened Lafargue Rell Q. Jr., President & Chief Operating Officer and a director of Reservoir Media, Inc. (RSVR), was granted 155,318 restricted stock units (RSUs) on June 22, 2026. The Form 4 reports an acquisition price of $0.00 per unit (reported acquisition value $0) because these are awards, not open-market purchases. The RSUs are contingent rights to receive one share of common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-22; Form 4 filed: 2026-06-24 (timely filing).
- Transaction type/code: Award/Grant (A).
- Units granted: 155,318 RSUs; reported price per unit: $0.00; reported acquisition value: $0.
- Vesting: Two equal installments on May 31, 2027 and May 31, 2028, subject to continued service (per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- No 10b5-1 plan, tax withholding, or sale noted in this filing.
Context RSUs are not immediate shares — they represent a contingent right to receive shares if vesting conditions are met. Such grants are common executive compensation to align incentives; they do not indicate an immediate buy/sell of stock. Upon vesting the RSUs convert into shares and may be subject to tax withholding or subsequent sale by the insider.
Insider Transaction Report
- Award
Common stock, $0.0001 par value
[F1]2026-06-22+155,318→ 611,254 total
Footnotes (1)
- [F1]Represents Restricted Stock Units ("RSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, $0.0001 par value per share, of Reservoir Media, Inc. (the "Issuer"). The RSUs will vest in two equal installments on May 31, 2027 and May 31, 2028, respectively, subject to the Reporting Person's continued service to the Issuer on such date.