Lafargue Rell Q. Jr. 4

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.