METZ LAWRENCE F. 4

What Happened Lawrence F. Metz — Senior Managing Director and General Counsel of Octave Specialty Group, Inc. (OSG) — was granted 28,246 restricted stock units (RSUs) on March 23, 2026. The Form 4 shows the acquisition price as $0 because this was an equity award (derivative grant) rather than a cash purchase. The RSUs are a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-03-23; Transaction type: Award/Grant (code A).
• Shares/units granted: 28,246 RSUs; recorded price: $0 (award).
• Vesting: three equal annual installments on March 23, 2027; March 23, 2028; and March 23, 2029 (per footnote).
• Footnotes: F1 clarifies each RSU converts to one share upon vesting; F2 describes the 2026 Long Term Incentive Plan grant and vesting schedule.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Reported period 2026-03-23 and filed 2026-03-25 — appears timely.

Context This was an equity award (RSUs), not an open-market purchase or sale. RSU grants are a form of compensation and vest over time; they do not represent immediate cash paid or sold shares.