Form 4: GCM Grosvenor Inc. Executive Sandra Hurse Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sandra Hurse, Chief HR Officer of GCM Grosvenor Inc., reports the vesting and settlement of restricted stock units (RSUs) resulting in changes in her beneficial ownership of Class A Common Stock.
Summary
- On April 15, 2024, Sandra Hurse, Chief HR Officer of GCM Grosvenor Inc., reported transactions related to the vesting and settlement of Restricted Stock Units (RSUs).
- These RSUs were granted under the company's Amended and Restated 2020 Incentive Award Plan.
- Some 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 withholding obligations.
- The reported transactions resulted in a change in the amount of Class A Common Stock beneficially owned by Ms. Hurse.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings and transactions of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the number of outstanding shares.
- Employees who are also RSU holders may be interested in the details of the vesting and settlement process.
Key Dates
| Date | Description |
|---|---|
| January 15, 2024 | Grant date of 9,352 Restricted Stock Units (RSUs). |
| March 1, 2024 | Vesting date of RSUs granted on October 2, 2023. |
| April 15, 2024 | Date of RSU vesting and settlement, as well as the date of the reported transactions. |
| April 17, 2024 | Date of signature on the Form 4 filing. |
| October 2, 2023 | Grant date of RSUs that vested on March 1, 2024. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.