Form 4: Reservoir Media CFO James Heindlmeyer Reports Stock Transaction
SEC Form 4 Filing
James Heindlmeyer, CFO of Reservoir Media, Inc., reports a transaction involving the withholding of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 31, 2024, James A. Heindlmeyer, the Chief Financial Officer of Reservoir Media, Inc. (RSVR), had 7,631 shares of common stock withheld to cover tax obligations.
- The shares were withheld in connection with the vesting of restricted stock units.
- The price per share was $8.04.
- Following the transaction, Heindlmeyer directly owns 50,019 shares of Reservoir Media, Inc.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting a standard tax-related transaction. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This is a routine filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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