Form 4: Reservoir Media Director Stephen M. Cook Acquires Shares Through Deferred Stock Units

Director Stephen M. Cook acquired 555 shares of Reservoir Media through deferred stock units (DSUs) as part of his quarterly compensation.

Summary

• On November 8, 2024, Stephen M. Cook, a director of Reservoir Media, Inc., acquired 555 shares of common stock through Deferred Stock Units (DSUs).
• The DSUs were awarded under the company's 2021 Omnibus Incentive Plan as part of Cook's quarterly compensation for serving as a non-employee director.
• Cook elected to receive his compensation in DSUs instead of cash.
• The price used to calculate the number of DSUs was $9.00 per share, 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 July 28, 2025.
• Following the transaction, Cook directly owns 932,393 shares and indirectly owns 226,089 shares through BTCSJC Music LLC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a director increasing their stake in the company, aligning interests with shareholders. There are no negative indicators.

Positives

• The director's decision to take compensation in stock units aligns his interests with those of shareholders.
• The acquisition increases his stake in the company.

Future Outlook

The DSUs will be settled in shares of common stock on July 28, 2025.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders, providing transparency to the market about their investment activities. This particular filing reflects a director's decision to receive compensation in equity, which is often viewed positively by investors.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company's future.

Key Dates