Form 4: Reservoir Media President and COO Rell Q. Lafargue, Jr. Reports Stock Transactions

Rell Q. Lafargue, Jr., President and COO of Reservoir Media, Inc., reports the acquisition and disposal of common stock and the award of Restricted Stock Units (RSUs).

Summary

• On June 10, 2024, Rell Q. Lafargue, Jr., President and COO of Reservoir Media, Inc., reported transactions involving the company's common stock.
• Lafargue acquired 187,745 shares of common stock.
• Lafargue also disposed of 430,172 shares of common stock.
• Additionally, Lafargue was awarded Restricted Stock Units (RSUs) under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock.
• The RSUs will vest in two equal installments on May 31, 2025, and May 31, 2026, subject to continued service to the Issuer.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider activity.

Future Outlook

The RSUs will vest in the future, contingent on the Reporting Person's continued service to the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's future prospects.

Key Dates