Form 4: Moelis & Co. CFO Joseph Simon Reports Acquisition of Incentive RSUs as Dividend Equivalents

Moelis & Co.'s CFO, Joseph Simon, reported the acquisition of incentive Restricted Stock Units (RSUs) as dividend equivalents, according to a Form 4 filing with the SEC.

Summary

• On March 28, 2024, Joseph Simon, the Chief Financial Officer of Moelis & Co., reported the acquisition of incentive Restricted Stock Units (RSUs) as dividend equivalents.
• These RSUs were issued as dividend equivalents on unvested underlying incentive RSUs issued on February 13, 2020, and February 19, 2021.
• Specifically, 75.96 incentive RSUs relate to the 2019 incentive RSUs, and 88.67 incentive RSUs relate to the 2020 incentive RSUs.
• The dividend equivalent incentive RSUs will vest concurrently with the vesting of the unvested underlying incentive RSUs.
• Following the reported transaction, Simon directly owns 7,263.35 of the 2019 Incentive RSUs and 8,477.89 of the 2020 Incentive RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral as it simply reports a transaction.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of RSUs by the CFO aligns his interests with those of the shareholders.

Key Dates