Form 4: Reservoir Media Director Adam Rothstein Acquires Additional Deferred Stock Units

Director Adam Rothstein acquired 639 Deferred Stock Units (DSUs) of Reservoir Media, Inc. as part of his quarterly compensation.

Summary

• Adam Rothstein, a director of Reservoir Media, Inc., acquired 639 Deferred Stock Units (DSUs) on June 7, 2024.
• The DSUs were awarded as part of Rothstein's quarterly compensation for serving as a non-employee director.
• Rothstein elected to receive his compensation in DSUs instead of cash.
• The price per DSU was $7.82, based on the closing price of Reservoir Media's common stock on the grant date.
• The DSUs will be settled in shares of common stock on January 2, 2025.
• Following the transaction, Rothstein directly owns 268,240 shares of Reservoir Media, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's decision to take compensation in stock is a mildly positive signal.

Positives

• Director's decision to take compensation in stock units shows confidence in the company's future.

Future Outlook

The DSUs will be settled in shares of common stock on January 2, 2025.

Industry Context

Insider transactions are closely watched as indicators of management's confidence in the company's prospects. This transaction reflects the director's decision to receive compensation in company stock.

Related Party Transactions

• The acquisition of DSUs by Adam Rothstein, a director, is a related party transaction.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates