Cook Stephen M. 4
4 · Reservoir Media, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Reservoir Media (RSVR) Director Stephen M. Cook Receives DSU Award
What Happened
Stephen M. Cook, a director of Reservoir Media, Inc. (RSVR), was awarded 492 Deferred Stock Units (DSUs) on June 22, 2026 as quarterly compensation. The DSUs were granted at a calculated price of $10.15 per share, for a reported total value of $4,994. This was an award (compensation) rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-22; Filing date: 2026-06-24 (filed on time).
- Award: 492 DSUs at $10.15 per unit; reported total $4,994.
- DSUs represent the economic equivalent of one share each and were elected in lieu of cash compensation.
- Settlement: These DSUs will be settled in common shares on July 28, 2027.
- Beneficial ownership: The reporting person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest (per footnote).
- Calculation note: Number of DSUs was based on the $10.15 closing stock price on the grant date.
- Shares owned after transaction: Not specified in this filing.
Context
This was a routine director compensation award under the company’s 2021 Omnibus Incentive Plan, not a market purchase or sale. Awards like DSUs are compensation and do not necessarily signal the director’s near‑term trading intent; they will convert to shares at the stated settlement date in 2027.
Insider Transaction Report
- Award
Common stock, $0.0001 par value
[F1][F2]2026-06-22$10.15/sh+492$4,994→ 946,609 total
- 226,089(indirect: By LLC)
Common stock, $0.0001 par value
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 July 28, 2027. (the "Settlement Date"). The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
- [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.