Form 4: Reservoir Media Director Acquires Deferred Stock Units

Ryan P. Taylor, a Director at Reservoir Media, Inc., acquired Deferred Stock Units (DSUs) valued at $10.15 per unit as part of his quarterly compensation.

Summary

• Ryan P. Taylor, a Director and potentially a 10% owner of Reservoir Media, Inc., acquired 492 Deferred Stock Units (DSUs) on June 22, 2026.
• These DSUs were awarded as part of his quarterly compensation for serving as a non-employee director.
• Taylor elected to receive these DSUs in lieu of cash payment, with the units valued at $10.15 each, based on the closing price of Reservoir Media's common stock on the grant date.
• The DSUs are economically equivalent to one share of common stock and will be settled in shares on July 28, 2027.
• The filing also details other beneficial ownerships through Richmond Hill Capital Partners, LP and ER Reservoir, LLC, where Taylor holds managerial roles.
• A total of 418,576 shares previously attributed to Essex Equity Joint Investment Vehicle, LLC are no longer considered beneficially owned by Taylor.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details routine compensation awards and beneficial ownership changes without indicating significant positive or negative performance shifts.

Positives

• Director Ryan P. Taylor is receiving compensation in the form of Deferred Stock Units, indicating alignment with the company's long-term performance.
• The DSUs are valued at $10.15 per unit, reflecting the current market price of Reservoir Media's common stock at the time of grant.
• Taylor's election to receive DSUs in lieu of cash suggests confidence in the future value of the company's stock.

Negatives

• The filing does not explicitly state any negative financial or operational results.
• The removal of 418,576 shares from beneficial ownership previously attributed to Essex Equity Joint Investment Vehicle, LLC could be a point of scrutiny, though the reason is not detailed beyond no longer being deemed beneficially owned.

Risks

• The value of the acquired DSUs is subject to the future market price of Reservoir Media's common stock, which could fluctuate.
• The settlement of DSUs on July 28, 2027, means the shares are not immediately available to the reporting person.
• Potential for complex beneficial ownership structures and the associated reporting requirements, as indicated by the multiple entities involved (Richmond Hill Capital Partners, LP, ER Reservoir, LLC).

Future Outlook

The Deferred Stock Units acquired by Ryan P. Taylor are scheduled to be settled in shares of common stock on July 28, 2027. The value of these units is tied to the future performance of Reservoir Media's stock.

Management Comments

• Ryan P. Taylor elected to receive payment of his quarterly compensation in DSUs in lieu of cash.
• The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein.
• The inclusion of shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 of the Exchange Act or any other purpose.

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 and director interests with shareholder value over the medium to long term.

Related Party Transactions

• Ryan P. Taylor, as a director, receives compensation in the form of DSUs.
• Taylor's beneficial ownership is reported through entities like Richmond Hill Capital Partners, LP and ER Reservoir, LLC, where he holds managerial roles, indicating potential related party dealings through these investment vehicles.

Stakeholder Impact

• Shareholders: The issuance of DSUs aligns director compensation with stock performance, potentially benefiting shareholders if the stock price increases.
• Employees: The compensation structure for directors, including equity awards, can influence overall company culture and compensation philosophy.
• Management: The filing provides transparency on director compensation and beneficial ownership, which is a key aspect of corporate governance.

Next Steps

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

Key Dates

Keywords

Reservoir Media, RSVR, Form 4, SEC Filing, Director Compensation, Deferred Stock Units, DSU, Stock Options, Beneficial Ownership, Insider Trading, Equity Compensation