Form 4: Reservoir Media CEO Golnar Khosrowshahi Reports Stock Transactions
SEC Form 4 Filing
CEO Golnar Khosrowshahi reports acquisition and disposal of Reservoir Media, Inc. common stock and restricted stock units.
Summary
- On June 10, 2024, Golnar Khosrowshahi, CEO of Reservoir Media, Inc., reported transactions involving the company's common stock.
- She acquired 119,325 shares of common stock.
- She disposed of 345,492 shares of common stock.
- The reported transactions also involve 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.
- The RSUs will vest on April 1, 2025, subject to continued service to the Issuer on such date.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company insider, neither particularly positive nor negative.
Future Outlook
The RSUs will vest on April 1, 2025, subject to the Reporting Person's continued service to the Issuer on such date.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock acquisition and disposal transactions. |
| 06/12/2024 | Date of signature for the Form 4 filing. |
| 04/01/2025 | Vesting date for the Restricted Stock Units (RSUs). |
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