Form 4: GCM Grosvenor Director Samuel C. Scott III Acquires 6,082 Restricted Stock Units

Director Samuel C. Scott III of GCM Grosvenor Inc. acquired 6,082 Restricted Stock Units (RSUs) on March 28, 2024, in lieu of quarterly cash compensation.

Summary

• On March 28, 2024, Samuel C. Scott III, a director of GCM Grosvenor Inc., acquired 6,082 Restricted Stock Units (RSUs).
• The RSUs were granted under the company's Amended and Restated 2020 Incentive Award Plan.
• The grant was in lieu of quarterly cash compensation, as elected by Mr. Scott.
• The RSUs are fully vested as of the grant date.
• Each RSU represents the right to receive one share of Class A Common Stock of the Issuer.
• Shares will be delivered upon the earliest of separation from service, a change in control event, or death or disability.
• Following the transaction, Mr. Scott beneficially owns 70,884 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard insider transaction, indicating normal business operations and alignment of director interests with shareholders. The grant of RSUs is a positive sign of confidence in the company's future performance.

Positives

• The RSUs are fully vested upon grant, providing immediate value to the director.
• The grant aligns the director's interests with those of the shareholders, as the value is tied to the company's stock performance.
• The election to receive RSUs in lieu of cash compensation demonstrates a commitment to the company's long-term success.

Future Outlook

Shares of Class A Common Stock in settlement of vested RSUs will be delivered upon the earliest to occur of the Reporting Person's 'separation from service' from the Issuer, a 'change in control event' of the Issuer or the Reporting Person's death or disability.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and ownership structure of GCM Grosvenor's executives and directors.

Comparison to Industry Standards

• Granting RSUs to directors as part of their compensation is a common practice among publicly traded companies.
• The vesting schedule and terms of the RSUs are likely comparable to those offered by similar asset management firms to their directors.
• Companies like Blackstone, Apollo Global Management, and KKR also utilize equity-based compensation for their executives and directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates