Form 4: GCM Grosvenor Executive Settles Restricted Stock Units
SEC Form 4 Filing
Kathleen Patricia Sullivan, Principal Accounting Officer of GCM Grosvenor Inc., reports the settlement of Restricted Stock Units (RSUs) resulting in the acquisition and disposal of Class A Common Stock.
Summary
- On April 15, 2024, Kathleen Patricia Sullivan, Principal Accounting Officer of GCM Grosvenor Inc., settled Restricted Stock Units (RSUs).
- The RSUs were granted under the Issuer's Amended and Restated 2020 Incentive Award Plan.
- A portion of the RSUs were settled in cash at the option of the Issuer, while others were settled in Class A Common Stock.
- Shares were also withheld by the Issuer to satisfy tax obligations.
- The transactions did not involve any open-market sales.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The settlement of RSUs impacts the ownership structure of GCM Grosvenor Inc.
Key Dates
| Date | Description |
|---|---|
| January 15, 2024 | Grant date of 10,904 Restricted Stock Units (RSUs) that vested in full on April 15, 2024. |
| October 2, 2023 | Grant date of 18,399 Restricted Stock Units (RSUs) that vested in full on March 1, 2024. |
| March 1, 2024 | Vesting date of 18,399 Restricted Stock Units (RSUs) granted on October 2, 2023. |
| April 15, 2024 | Date of RSU settlement, including cash settlements, stock issuances, and tax withholding. |
| April 17, 2024 | Date of Form 4 filing. |
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