Form 4: Reservoir Media Director Adam Rothstein Reports Stock Acquisitions

Director Adam Rothstein reports acquisition of common stock and deferred/restricted stock units in Reservoir Media, Inc.

Summary

• On August 9, 2024, Adam Rothstein, a director of Reservoir Media, Inc., acquired 702 Deferred Stock Units (DSUs) at a price of $7.12, and 11,235 Restricted Stock Units (RSUs) at $0.
• These DSUs were awarded under the company's 2021 Omnibus Incentive Plan as part of Rothstein's quarterly compensation for serving as a non-employee director, and will be settled in shares of common stock on January 1, 2025.
• The RSUs will vest on July 28, 2025, contingent upon Rothstein's continued service on the board.
• On August 12, 2024, Rothstein also purchased 400 shares of common stock at a weighted average price of $7.
• Following these transactions, Rothstein directly owns 287,593 shares of Reservoir Media, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which could be interpreted as a positive signal, but it's also part of their compensation.

Positives

• Director's acquisition of company stock and stock units may signal confidence in the company's future prospects.

Future Outlook

The DSUs will be settled in shares of Common Stock on January 1, 2025, and the RSUs will vest on July 28, 2025, subject to continued service on the board.

Industry Context

Directors' stock acquisitions are often viewed positively by investors, as they can indicate confidence in the company's future performance. Monitoring such transactions provides insights into management's perspective on the company's valuation and prospects.

Comparison to Industry Standards

• Comparing Rothstein's transactions to those of directors in similar media companies could provide a benchmark for assessing the significance of these acquisitions.
• For example, analyzing the frequency and size of stock acquisitions by directors in companies like Warner Music Group or Universal Music Group could offer a comparative perspective.

Related Party Transactions

• The DSUs and RSUs awarded to Adam Rothstein are related-party transactions as they represent compensation for his service as a director.

Stakeholder Impact

• The transactions could have a minor positive impact on shareholder sentiment, as they reflect a director's increased investment in the company.
• The compensation structure impacts the company's financials and equity distribution.

Next Steps

• Settlement of DSUs on January 1, 2025.
• Vesting of RSUs on July 28, 2025, contingent on continued service.

Key Dates