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

Ryan P. Taylor, a director at Reservoir Media, acquired Deferred Stock Units (DSUs) and Restricted Stock Units (RSUs) as part of his compensation for serving as a non-employee director.

Summary

• On August 9, 2024, Ryan P. Taylor, a director of Reservoir Media, Inc., acquired 702 Deferred Stock Units (DSUs) at a price of $7.12 each and 11,235 Restricted Stock Units (RSUs) at $0.
• The DSUs were awarded under the company's 2021 Omnibus Incentive Plan as part of his quarterly compensation, and will be settled in shares of Common Stock on July 28, 2025.
• The RSUs also vest on July 28, 2025, contingent upon his continued service on the board.
• Taylor also has indirect ownership of 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), but disclaims beneficial ownership except to the extent of his pecuniary interest.
• He directed the Issuer to transfer 45,827 shares of Common Stock received upon the settlement of previously issued RSUs and DSUs into the account of ER Reservoir LLC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The acquisition of DSUs and RSUs reflects Taylor's continued service and alignment with the company's long-term success.
• The vesting of the units on July 28, 2025, incentivizes his continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting and settlement dates of the stock units.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for board members is a standard practice across the industry.
• Comparable companies such as Warner Music Group and Universal Music Group also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific amounts and vesting schedules vary based on company size, performance, and individual director agreements.

Stakeholder Impact

• The granting of stock units aligns the director's interests with those of shareholders, potentially driving long-term value creation.
• The compensation structure does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates