Form 4: GCM Grosvenor Director Cornelli Settles Restricted Stock Units
SEC Form 4
Director Francesca Cornelli settled 10,000 Restricted Stock Units (RSUs) for Class A Common Stock in GCM Grosvenor Inc.
Summary
- On March 25, 2024, Francesca Cornelli, a director of GCM Grosvenor Inc. (GCMG), settled 10,000 Restricted Stock Units (RSUs) for 10,000 shares of Class A Common Stock.
- The RSUs were granted on March 1, 2021, under the company's 2020 Incentive Award Plan and vested on November 17, 2021.
- Cornelli had previously elected to defer settlement until March 25, 2024, a change in control event, or her death or disability.
- She also holds 17,668 additional RSUs granted on various dates in 2023, which will be settled upon the earliest of the anniversary of the grant date, separation from service, a change in control event, or death or disability.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document outlines the future vesting and settlement of additional RSUs held by the director, contingent on various events.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the director's holdings in the company and provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2021-03-01 | Date of initial grant of 10,000 Restricted Stock Units |
| 2021-11-17 | Vesting date of the 10,000 Restricted Stock Units |
| 2023-03-31 | Grant date of 4,514 RSUs |
| 2023-06-30 | Grant date of 4,676 RSUs |
| 2023-09-29 | Grant date of 4,543 RSUs |
| 2023-12-29 | Grant date of 3,935 RSUs |
| 2024-03-25 | Settlement date of 10,000 Restricted Stock Units for Class A Common Stock |
| 2024-03-27 | Date of signature on the Form 4 filing |
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