Form 4: GCM Grosvenor President Jonathan Levin Reports Stock Transactions
SEC Form 4 Filing
Jonathan Levin, President of GCM Grosvenor, reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On August 15, 2024, Jonathan Levin, President of GCM Grosvenor Inc., reported transactions involving Class A Common Stock.
- 154,545 Restricted Stock Units (RSUs) granted on March 1, 2024, vested in full.
- Shares of Class A common stock were delivered to Levin in settlement of the vested RSUs.
- The issuer withheld 72,525 shares of Class A common stock at a price of $10.89 to satisfy tax withholding obligations.
- Following these transactions, Levin beneficially owns 517,691 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
- The tax withholding impacts the number of shares received by the executive.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Restricted stock units were granted under the Issuer's Amended and Restated 2020 Incentive Award Plan. |
| August 15, 2024 | Restricted stock units vested in full and shares of Class A common stock were delivered to the Reporting Person in settlement of vested RSUs. |
| August 19, 2024 | Date of signature for the Form 4 filing. |
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