Form 4: Director Receives Deferred Stock Units

Stephen M. Cook, a Director at Reservoir Media, Inc., received Deferred Stock Units (DSUs) as part of his quarterly compensation.

Summary

• Stephen M. Cook, a Director of Reservoir Media, Inc., was granted Deferred Stock Units (DSUs) on June 22, 2026.
• These DSUs were awarded as part of his quarterly compensation for services as a non-employee director.
• Mr. Cook elected to receive these DSUs in lieu of cash compensation.
• Each DSU is economically equivalent to one share of Reservoir Media's common stock.
• The DSUs will be settled in shares of common stock on July 28, 2027.
• The number of DSUs granted was calculated based on a price of $10.15 per share, which was the closing price on the grant date.
• Following this transaction, Mr. Cook beneficially owns 946,609 shares of common stock, with 226,089 shares owned indirectly through BTCSJC Music LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine director compensation and does not indicate significant new financial performance or strategic shifts.

Positives

• Director compensation is being aligned with company stock performance through the use of DSUs.
• The director has elected to receive compensation in equity, indicating confidence in the company's future value.
• The grant price of $10.15 per share suggests a valuation at the time of the award.

Negatives

• The DSUs are not immediately convertible to cash or stock, with a settlement date in July 2027.
• The value of the DSUs is subject to the fluctuation of Reservoir Media's stock price until settlement.

Risks

• The value of the deferred compensation is subject to market risk and the company's stock performance until the settlement date.
• Potential for dilution if a large number of DSUs are granted across multiple directors and employees.

Future Outlook

The filing indicates that the DSUs will be settled in shares of common stock on July 28, 2027, suggesting a future issuance of shares to the reporting person.

Industry Context

StockSavvy.ai notes that the use of Deferred Stock Units (DSUs) for director compensation is a common practice in the media and entertainment industry, aligning executive interests with shareholder value and providing a long-term incentive.

Related Party Transactions

• Stephen M. Cook, a Director, received Deferred Stock Units as compensation for his services.

Stakeholder Impact

• Shareholders: The issuance of DSUs will result in the future issuance of shares, potentially leading to minor dilution. The alignment of director compensation with stock value may be viewed positively.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Settlement of Deferred Stock Units into shares of common stock on July 28, 2027.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Reservoir Media, RSVR, Equity Award, Form 4, Insider Trading, Securities Exchange Act