Form 4: GCM Grosvenor Inc. Executive Receives Restricted Stock Units

Kathleen Patricia Sullivan, Principal Accounting Officer at GCM Grosvenor Inc., was granted 4,352 restricted stock units (RSUs) on January 15, 2025, which will vest on April 15, 2025.

Summary

• Kathleen Patricia Sullivan, the Principal Accounting Officer of GCM Grosvenor Inc., received a grant of 4,352 restricted stock units (RSUs).
• The RSUs were granted on January 15, 2025, under the company's Amended and Restated 2020 Incentive Award Plan.
• These RSUs will vest in full on April 15, 2025, provided Ms. Sullivan remains employed by the company until that date.
• Each RSU represents the right to receive one share of GCM Grosvenor Inc.'s Class A Common Stock.
• The company has the option to settle the vested RSUs in cash, stock, or a combination of both.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning management and shareholder interests. There are no indications of negative sentiment.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service by the executive.

Risks

• The value of the RSUs is dependent on the future performance of the company's stock price.
• The company has the discretion to settle the RSUs in cash, which could dilute the value of the stock.

Future Outlook

The RSUs will vest on April 15, 2025, subject to the reporting person's continued service. The company has the option to settle the RSUs in cash, stock, or a combination of both.

Industry Context

The granting of restricted stock units is a common practice in the financial industry to incentivize and retain key executives.

Comparison to Industry Standards

• Many financial firms use RSUs as part of their compensation packages, similar to companies like Blackstone, Apollo Global Management, and KKR.
• The vesting period of approximately three months is relatively short compared to some companies that have vesting periods of 1-3 years.
• The flexibility for the company to settle in cash, stock, or a combination is also a common practice.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive.
• Employees may see this as a standard practice for executive compensation.

Next Steps

• The RSUs will vest on April 15, 2025, if the executive remains employed.
• The company will determine the method of settlement for the vested RSUs.

Key Dates

Keywords

Restricted Stock Units, RSU, GCM Grosvenor Inc., Incentive Award Plan, Equity Compensation, Kathleen Patricia Sullivan, Principal Accounting Officer