Form 4: Reservoir Media Director Acquires Deferred Stock Units as Part of Compensation

Ezra S. Field, a director at Reservoir Media, Inc., acquired 1,388 deferred stock units (DSUs) as part of his quarterly compensation.

Summary

• Ezra S. Field, a director of Reservoir Media, Inc., received 1,388 deferred stock units (DSUs) as part of his quarterly compensation.
• These DSUs were awarded under the company's 2021 Omnibus Incentive Plan.
• Each DSU is equivalent to one share of Reservoir Media's common stock.
• Mr. Field elected to receive his quarterly compensation in DSUs instead of cash.
• The number of DSUs was calculated based on a price of $9.00 per share, which was the closing price of the company's common stock on the grant date.
• The DSUs will be settled in shares of common stock on January 1, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The director's decision to take compensation in DSUs demonstrates confidence in the company's future performance.
• The use of DSUs aligns the director's interests with those of shareholders.

Future Outlook

The deferred stock units will be settled in shares of common stock on January 1, 2025.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many public companies use deferred stock units as part of their compensation packages for non-employee directors.
• This practice is common across various industries and is designed to incentivize directors to focus on long-term value creation.
• The vesting and settlement terms are typical for such awards, with settlement often occurring at a future date.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Next Steps

• The deferred stock units will be converted to common stock on January 1, 2025.

Key Dates

Keywords

Deferred Stock Units, DSUs, Director Compensation, Insider Transaction, Reservoir Media, RSVR, Equity Compensation