Form 4: Reservoir Media CFO Reports Routine Stock Transactions for Tax Withholding

Reservoir Media, Inc.'s Chief Financial Officer, James A. Heindlmeyer, reported the disposition of common stock shares to cover tax obligations related to restricted stock unit vesting.

Summary

• James A. Heindlmeyer, the Chief Financial Officer of Reservoir Media, Inc. (RSVR), reported changes in his beneficial ownership of common stock.
• On May 31, 2025, Mr. Heindlmeyer disposed of a total of 14,064 shares of common stock (7,631 shares and 6,433 shares in two separate transactions).
• These shares were withheld by Reservoir Media, Inc. at a price of $7.8 per share.
• The purpose of the disposition was to cover the reporting person's tax withholding obligations associated with the vesting of restricted stock units.
• Following these transactions, Mr. Heindlmeyer's direct beneficial ownership of common stock is 59,220 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were 'disposed' of, it was for a routine tax withholding purpose related to compensation vesting, which is a positive event for the executive. It does not indicate a voluntary sale or negative outlook.

Positives

• The underlying event is the vesting of restricted stock units, which represents a form of compensation for the Chief Financial Officer, indicating continued alignment of management interests with shareholders.
• The company facilitated the tax withholding, which is a standard and efficient practice for managing equity compensation.

Negatives

• The reported transactions show a reduction in the Chief Financial Officer's direct beneficial ownership of common stock due to shares being withheld for tax purposes, although this is a routine and expected event for equity compensation.

Future Outlook

The document, being a Form 4, does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The explanation provided states: "Represents shares of common stock withheld by Reservoir Media, Inc. in connection with the vesting of restricted stock units to cover the Reporting Person's tax withholding obligations."

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation, which is a common practice across all industries for publicly traded companies to compensate their executives and employees.

Related Party Transactions

• The transaction involves the company (Reservoir Media, Inc.) withholding shares from its Chief Financial Officer (James A. Heindlmeyer) to cover tax obligations related to his equity compensation, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction and not a voluntary sale by an insider that might signal a change in confidence.
• Employees: Reinforces the standard practice of equity compensation and tax handling for vested awards.

Key Dates

Keywords

Reservoir Media, RSVR, Form 4, Insider Transaction, Stock Ownership, Chief Financial Officer, James A. Heindlmeyer, Restricted Stock Units, RSU, Tax Withholding, Equity Compensation