Form 4: Rothstein Acquires Reservoir Media DSUs

Adam Rothstein, a Director at Reservoir Media, Inc., acquired Deferred Stock Units (DSUs) valued at $10.15 per unit, totaling 492 units, as part of his quarterly compensation.

Summary

• Adam Rothstein, a Director of Reservoir Media, Inc., acquired 492 Deferred Stock Units (DSUs) on June 22, 2026.
• These DSUs were awarded as part of his quarterly compensation for services as a non-employee director.
• Rothstein elected to receive these DSUs in lieu of cash compensation.
• Each DSU is economically equivalent to one share of Reservoir Media's common stock.
• The DSUs were valued at $10.15 per unit, based on the closing price of the Issuer's common stock on the grant date.
• The total value of the acquired DSUs is approximately $5,000.
• These DSUs will be settled in shares of common stock on January 1, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation event for a director rather than a significant financial or strategic development for the company.

Positives

• Director compensation is being structured in a way that aligns with long-term shareholding through DSUs.
• The company is utilizing a standard incentive plan (2021 Omnibus Incentive Plan) for director compensation.
• The value of the DSUs is tied to the company's stock price at the time of grant, reflecting current market valuation.

Negatives

• The filing does not contain any negative financial or operational information.

Risks

• The value of the acquired DSUs is subject to the future performance and stock price of Reservoir Media, Inc. until the settlement date.
• There is a risk of forfeiture if specific conditions outlined in the incentive plan are not met, although not explicitly stated in this filing.

Future Outlook

The DSUs are set to be settled in shares of common stock on January 1, 2027, indicating a future issuance of equity to the reporting person.

Industry Context

StockSavvy.ai notes that the use of Deferred Stock Units (DSUs) for director compensation is a common practice in the media and entertainment industry, aligning executive interests with shareholder value over the medium term.

Related Party Transactions

• The acquisition of DSUs by Director Adam Rothstein as part of his quarterly compensation is a related party transaction.

Stakeholder Impact

• Shareholders: The future issuance of shares upon settlement of DSUs will result in a minor dilution of existing shareholdings.
• Management/Directors: This transaction reflects the compensation structure for directors, aligning their interests with the company's stock performance.

Next Steps

• Settlement of Deferred Stock Units (DSUs) into shares of Common Stock on January 1, 2027.

Key Dates

Keywords

Reservoir Media, RSVR, Form 4, SEC Filing, Director Compensation, Deferred Stock Units, DSU, Stock Options, Equity Award, Insider Trading