Form 4: GCM Grosvenor Inc. Executive Frederick Pollock Reports Stock Transactions
SEC Form 4 Filing
Chief Investment Officer Frederick Pollock of GCM Grosvenor Inc. reports the vesting and settlement of restricted stock units, along with shares withheld for tax obligations.
Summary
- On August 15, 2024, Frederick Pollock, Chief Investment Officer of GCM Grosvenor Inc., reported transactions involving Class A Common Stock.
- 103,030 Restricted Stock Units (RSUs) granted on March 1, 2024, vested in full.
- Shares of Class A common stock were delivered to Pollock in settlement of these vested RSUs.
- 44,151 shares were withheld by the issuer to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Pollock beneficially owns 616,429 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and vest stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Restricted Stock Units (RSUs) were granted under the Issuer's Amended and Restated 2020 Incentive Award Plan. |
| August 15, 2024 | RSUs vested in full, and shares of Class A common stock were delivered to the Reporting Person in settlement of vested RSUs. |
| August 15, 2024 | Shares of Class A common stock were withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement of RSUs. |
| August 19, 2024 | Date of signature for the Form 4 filing. |
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