Form 4: Moelis & Co CFO Joseph Simon Executes Stock Transactions

Chief Financial Officer of Moelis & Co, Joseph Simon, reports the exchange and sale of Class A Common Stock on July 25, 2024.

Summary

• On July 25, 2024, Joseph Simon, the CFO of Moelis & Co, executed transactions involving the company's Class A Common Stock.
• He exchanged 6,723 LP units in Moelis & Company Group Employee Holdings LP (MCGEH) for an equal number of Class A Common Stock shares.
• These LP units were granted in February 2022 as compensation for the 2021 fiscal year.
• The exchange was approved by the Company's Compensation Committee under Rule 16b-3.
• Additionally, Mr. Simon sold 6,723 shares of Class A Common Stock at a price of $64.00 per share.
• Following these transactions, Mr. Simon directly owns 6,723 shares of Class A Common Stock.
• Mr. Simon also owns 68,379 units of unvested or restricted equity granted as incentive compensation for fiscal years 2019 through 2023.
• The 2021 LP Units vest over four years with the final vesting date on February 23, 2027.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates