Smith R Sharon 4
4 · OCTAVE SPECIALTY GROUP INC · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Octave Specialty Group (OSG) Exec VP Sharon R. Smith Receives RSU Award
What Happened
Sharon R. Smith, Executive Vice President & Group COO of Octave Specialty Group, received a grant of 24,375 restricted stock units (RSUs) on March 23, 2026. The award was recorded as an acquisition of derivative securities (RSUs) at $0.00 per unit. RSUs are a contingent right to receive one share of common stock upon vesting.
Key Details
- Transaction date: March 23, 2026; filing date: March 25, 2026 (timely Form 4 filing).
- Grant: 24,375 RSUs reported as acquired at $0.00 (derivative award).
- Vesting: RSUs vest in three equal annual installments on March 23 of 2027, 2028 and 2029 (per filing footnote).
- Shares owned after transaction: not specified in the provided filing summary.
- Transaction code: A (award/grant); derivative instrument (RSU). No sale or exercise occurred.
Context
This is a standard long-term incentive plan grant (2026 LTIP) rather than an open-market purchase or sale. RSU grants are compensation and do not indicate an immediate cash commitment or market sale; value to the holder depends on the company’s future share price and vesting conditions.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-23+24,375→ 120,314 total→ Common Stock (24,375 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Octave Specialty Group, Inc. (the "Company").
- [F2]On March 23, 2026 the reporting person received a grant of 24,375 RSUs as part of her 2026 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments commencing March 23, 2027, March 23, 2028, and March 23, 2029.