Form 4: Eric Cantor, Moelis & Co Vice Chairman, Reports Acquisition of Dividend Equivalent RSUs
SEC Form 4
Eric Cantor, Vice Chairman and Managing Director of Moelis & Company, reports the acquisition of dividend equivalent Restricted Stock Units (RSUs) related to previously granted incentive plans.
Summary
- Eric Cantor, a Director and Vice Chairman, MD of Moelis & Co, filed a Form 4 on June 24, 2024.
- The filing reports the acquisition of dividend equivalent Restricted Stock Units (RSUs) on June 20, 2024.
- These RSUs are related to incentive plans from 2019 to 2023 and 2024.
- The RSUs vest concurrently with the vesting of the underlying incentive RSUs.
- The dividend equivalents were issued on the holder's unvested underlying RSUs.
- The reporting person now owns between approximately 2,593 and 33,058 RSUs for each of the 2019 to 2023 and 2024 incentive plans.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing is a standard disclosure of executive compensation. It doesn't indicate any significant positive or negative developments for the company.
Positives
- The acquisition of dividend equivalent RSUs suggests continued alignment of the executive's interests with those of the shareholders.
Future Outlook
NA
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Comparison to Industry Standards
- Granting RSUs as part of executive compensation is a common practice in the financial services industry.
- Dividend equivalent RSUs are often used to ensure that executives receive the same benefits as shareholders during the vesting period.
Stakeholder Impact
- The acquisition of RSUs aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/28/2019 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 09/30/2019 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 12/31/2019 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 02/13/2020 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 02/19/2021 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 02/17/2022 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 02/16/2023 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 02/15/2024 | Date of underlying RSU issuance for which dividend equivalents were issued. |
| 06/20/2024 | Transaction date for the acquisition of dividend equivalent RSUs. |
| 06/24/2024 | Date of Form 4 filing. |
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