Form 4: Reservoir Media COO Lafargue Jr. Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Rell Q. Lafargue Jr., President and COO of Reservoir Media, Inc., disposed of shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On May 31, 2024, Rell Q. Lafargue Jr., the President and COO of Reservoir Media, Inc., disposed of 40,860 and 48,921 shares of common stock to cover tax withholding obligations.
- The shares were withheld by Reservoir Media, Inc. in connection with the vesting of restricted stock units.
- The transaction was executed at a price of $8.04 per share.
- Following the transaction, Lafargue Jr. directly owns 242,427 shares of Reservoir Media, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax management related to executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the disposal of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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