Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-11

Reservoir Media (RSVR)

Fiscal year 2026 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,763,035
Rell Lafargue total, FY2026
President & Chief Operating Officerhighest-paid officer; CEO Golnar Khosrowshahi: $1,594,984
CEO (Golnar Khosrowshahi) pay percentile vs peers
CEO-to-median pay ratio
99.74%
Say-on-pay support, latest vote
Companies that benchmark against RSVR
1 company names RSVR as a compensation peer

Each company listed discloses RSVR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RSVR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rell Lafargue$408,411$0$1,801,093$0$540,841$0$12,690$2,763,035
President & Chief Operating Officer
Golnar Khosrowshahi441,5250920,0000220,763012,6961,594,984
Chief Executive Officer
Jim Heindlmeyer376,9120183,8600188,456012,273761,501
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY20252026
Rell Lafargue$2,763,035$2,398,316+364,719
Golnar Khosrowshahi1,594,9841,578,649+16,335
Jim Heindlmeyer761,501742,924+18,577

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jim HeindlmeyerRSU$179,373
Jim HeindlmeyerRSU183,860
Golnar KhosrowshahiRSU920,000
Golnar KhosrowshahiRSU3,680,000
Rell LafargueRSU1,801,093
Rell LafargueRSU1,447,514
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jim Heindlmeyer$363,233$0$00.0%
Golnar Khosrowshahi4,600,000000.0%
Rell Lafargue3,248,607000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Golnar KhosrowshahiRSU126,027$1,233,804
Rell LafargueRSU123,3631,207,724
Rell LafargueRSU123,3621,207,714
Rell LafargueRSU93,872919,007
Jim HeindlmeyerRSU11,632113,877
Jim HeindlmeyerRSU12,593123,285
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program for Named Executive Officers consists principally of base salary, performance-based cash bonus, and equity-based incentive compensation, designed to attract, recruit, and retain qualified employees. The program aligns executive pay with company performance through pre-established financial performance criteria and individual performance goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-08-0661,386,037160,9523,28499.74%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-08-0699.74%a

a. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ezra S. FieldIndependent · Board Chair$50,000$80,000$130,000
Neil de GelderIndependent · Audit (Chair) · Compensation · Nominating and Governance35,00080,000115,000
Helima CroftIndependent · Nominating and Corporate Governance20,00080,000100,000
Ryan P. TaylorIndependent · Nominating and Corporate Governance20,00080,000100,000
Adam RothsteinIndependent · Audit · Compensation · Nominating and Corporate Governance · Strategy (Chair)20,00080,000100,000
Stephen M. CookIndependent · Nominating and Corporate Governance · Compensation20,00080,000100,000
Jennifer G. KossIndependent · Audit · Governance20,00080,000100,000
Golnar KhosrowshahiEmployee director000
Rell LafargueEmployee director000
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer$80,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000
Stock ownership guideline$100,000
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$185,000
Equity awards (grant-date value)$560,000
All other compensation$0
Total cost of the board$745,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Reservoir Media2026Golnar Khosrowshahi$441,525$920,000$0$220,763$1,594,984

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Rell LafargueDEF 14A2026-06-260001104659-26-078330Section “Summary Compensation Table”. As printed: 2,763,035. Filing ↗machine: r3 · c41 · span 347282–347291
2Section 01, Golnar KhosrowshahiDEF 14A2026-06-260001104659-26-078330Section “Summary Compensation Table”. As printed: 1,594,984. Filing ↗machine: r1 · c41 · span 338760–338769
3Section 01, Jim HeindlmeyerDEF 14A2026-06-260001104659-26-078330Section “Summary Compensation Table”. As printed: 761,501. Filing ↗machine: r5 · c41 · span 355789–355796
4Section 03, Jim Heindlmeyer RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 358100–358107
5Section 03, Jim Heindlmeyer RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 354142–354149
6Section 03, Golnar Khosrowshahi RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Golnar Khosrowshahi RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 307367–307377
8Section 03, Rell Lafargue RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 345633–345642
9Section 03, Rell Lafargue RSUDEF 14A2026-06-260001104659-26-078330Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 349578–349587
10Section 08, Ezra S. FieldDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 130,000. Filing ↗machine: span 497189–497196
11Section 08, Neil de GelderDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 115,000. Filing ↗machine: span 495018–495025
12Section 08, Helima CroftDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 100,000. Filing ↗machine: span 492821–492828
13Section 08, Ryan P. TaylorDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 100,000. Filing ↗machine: span 507654–507661
14Section 08, Adam RothsteinDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 100,000. Filing ↗machine: span 505553–505560
15Section 08, Stephen M. CookDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 100,000. Filing ↗machine: span 490747–490754
16Section 08, Jennifer G. KossDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 100,000. Filing ↗machine: span 501375–501382
17Section 08, Golnar KhosrowshahiDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Rell LafargueDEF 14A2026-06-260001104659-26-078330Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-08-110001104659-26-094094Item 5.07 · say-on-pay result. As reported: 99.74% (votes for as printed: 61,386,037). Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
22Section 09b board cost (computed)ComputedcomputedCash 185,000 + equity 560,000 + all other 0 = 745,000, summed across the director compensation table rows.machine: formula: Σ = 745,000
23Reservoir Media (subject), Section 10b CEO totalDEF 14A2026-06-260001104659-26-078330CEO total compensation as printed in Reservoir Media's own proxy. As printed: 1,594,984. Filing ↗machine: r1 · c41 · span 338760–338769