Form 4: Laila Worrell Reports Changes in Beneficial Ownership of Moelis & Co Stock
SEC Form 4 Filing
Laila Worrell, a director at Moelis & Co, reports the acquisition of restricted stock units (RSUs) as dividend equivalents.
Summary
- Laila Worrell, a director of Moelis & Co, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of restricted stock units (RSUs) as dividend equivalents.
- These RSUs relate to the 2023 and 2024 Annual RSUs, as well as 2024 Elective RSUs.
- The dividend equivalent RSUs will vest concurrently with the vesting of the underlying RSUs issued on July 3, 2023, and July 1, 2024.
- As of March 27, 2025, Worrell directly owns 2,511.5 shares related to 2023 Annual Restricted Stock Units, 1,991.74 shares related to 2024 Annual Restricted Stock Units and 545.72 shares related to 2024 Elective Restricted Stock Units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director's interests with shareholders.
Positives
- The acquisition of dividend equivalent RSUs suggests the company is performing well enough to issue these units.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The acquisition of RSUs aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/03/2023 | Date of issuance of underlying 2023 Annual RSUs. |
| 07/01/2024 | Date of issuance of underlying 2024 Annual and Elective RSUs. |
| 03/27/2025 | Date of transaction (acquisition of dividend equivalent RSUs). |
| 03/31/2025 | Date of signature for the Form 4 filing. |
Keywords
Moelis & Co, Laila Worrell, Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Dividend Equivalents, Director
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