Form 4: Reservoir Media Director Ryan P. Taylor Acquires Deferred Stock Units

Director Ryan P. Taylor acquired 555 Deferred Stock Units (DSUs) of Reservoir Media, Inc. as part of his quarterly compensation.

Summary

• On November 8, 2024, Ryan P. Taylor, a director of Reservoir Media, Inc., acquired 555 Deferred Stock Units (DSUs) at a price of $9.00 per unit.
• These DSUs were awarded under the company's 2021 Omnibus Incentive Plan as part of his quarterly compensation for serving as a non-employee director.
• The DSUs will be settled in shares of Common Stock on July 28, 2025.
• Taylor also indirectly owns shares through Richmond Hill Capital Partners, LP (179,389 shares), Essex Equity Joint Investment Vehicle, LLC (418,576 shares), and ER Reservoir, LLC (13,638,620 shares).
• He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of DSUs by a director is a routine event, but it can be seen as a sign of confidence in the company's future.

Positives

• Director's acquisition of DSUs reflects confidence in the company's future performance.
• The use of DSUs as compensation aligns director's interests with shareholders.

Future Outlook

The DSUs will be settled in shares of Common Stock on July 28, 2025.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This filing indicates a director's acquisition of DSUs as part of their compensation.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards like DSUs to align their interests with shareholders, a common practice among publicly traded companies.
• The specific number of DSUs and their valuation are company-specific and depend on the compensation policies and stock performance of Reservoir Media, Inc.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates