Form 4: GCM Grosvenor President Jonathan Levin Reports Significant Stock Acquisition from RSU Vesting
Insider Transaction Report
Jonathan Reisin Levin, President and Director of GCM Grosvenor Inc., reported the acquisition of 49,242 Class A Common Stock shares through the vesting of restricted stock units, alongside a tax-related share withholding.
Summary
- Jonathan Reisin Levin, President and Director of GCM Grosvenor Inc. (GCMG), reported transactions on May 31, 2025, related to his beneficial ownership.
- He acquired 25,000 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs) granted on March 1, 2023, under the Issuer's 2020 Incentive Award Plan.
- An additional 24,242 shares of Class A Common Stock were acquired from the vesting of RSUs granted on March 1, 2024, under the Issuer's Amended and Restated 2020 Incentive Award Plan.
- A total of 22,303 shares of Class A Common Stock were disposed of at a price of $12.61 per share to satisfy tax withholding obligations related to the vested RSUs; this was not an open-market sale.
- Following these transactions, Mr. Levin directly beneficially owns 544,630 shares of Class A Common Stock.
- He also holds remaining unvested Restricted Stock Units: 25,000 RSUs from the 2023 grant (vesting May 31, 2026) and 48,485 RSUs from the 2024 grant (24,242 vesting May 31, 2026, and 24,243 vesting May 31, 2027).
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event, indicating continued executive alignment and commitment, with no negative operational or financial implications.
Positives
- The acquisition of shares by a key executive through RSU vesting demonstrates continued alignment of management's interests with shareholders.
- The ongoing vesting schedule indicates the executive's continued service and commitment to the company.
Negatives
- A portion of the vested shares (22,303 shares) was withheld by the Issuer to cover tax obligations, reducing the net shares received by the executive.
Future Outlook
The reporting person has additional Restricted Stock Units scheduled to vest on May 31, 2026 (25,000 from the 2023 grant and 24,242 from the 2024 grant) and May 31, 2027 (24,243 from the 2024 grant), subject to continued service.
Industry Context
This Form 4 filing is a routine disclosure of executive compensation and stock ownership changes, common across publicly traded companies. It reflects the standard practice of granting equity incentives like Restricted Stock Units (RSUs) to align executive performance with shareholder value.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and stock ownership, showing alignment of interests through equity incentives.
- Employees: Reflects the company's compensation structure for key executives, which may influence broader compensation strategies.
Next Steps
- Future vesting of 25,000 RSUs on May 31, 2026, from the 2023 grant.
- Future vesting of 24,242 RSUs on May 31, 2026, from the 2024 grant.
- Future vesting of 24,243 RSUs on May 31, 2027, from the 2024 grant.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Grant date for 25,000 Restricted Stock Units (RSUs) under the Issuer's 2020 Incentive Award Plan. |
| 2024-03-01 | Grant date for 24,242 Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2020 Incentive Award Plan. |
| 2024-05-31 | Vesting date for 25,000 RSUs from the March 1, 2023 grant. |
| 2025-05-31 | Transaction date for the vesting and settlement of 25,000 RSUs from the 2023 grant and 24,242 RSUs from the 2024 grant, and the related tax withholding. |
| 2025-06-03 | Filing date of the Form 4. |
| 2026-05-31 | Future vesting date for 25,000 RSUs from the 2023 grant and 24,242 RSUs from the 2024 grant. |
| 2027-05-31 | Future vesting date for 24,243 RSUs from the 2024 grant. |
Keywords
GCM Grosvenor, GCMG, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Stock Ownership, Beneficial Ownership, Equity Incentive Plan
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