Form 4: Moelis & Co. CFO Joseph Simon Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Moelis & Co., Joseph Simon, reports the acquisition and disposal of Class A Common Stock related to the settlement of Restricted Stock Units (RSUs) and subsequent tax obligations.
Summary
- On February 19, 2025, Joseph Simon, the CFO of Moelis & Co., acquired 11,824.35 shares of Class A Common Stock upon the settlement of Restricted Stock Units (RSUs).
- Also on February 19, 2025, Mr. Simon disposed of 1.35 shares of Class A Common Stock at $74 to cover tax obligations.
- Additionally, Mr. Simon sold 5,758 shares of Class A Common Stock at $74 to raise proceeds for tax obligations related to the RSU settlement.
- Following these transactions, Mr. Simon directly owns 22,832 shares of Class A Common Stock.
- The reported transactions also involve the settlement of 7,466.71 2019 Incentive Restricted Stock Units and 4,357.63 2020 Incentive Restricted Stock Units, both settled on February 19, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects standard executive stock transactions related to compensation and tax management.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Moelis & Co.
- The transactions are typical for executives receiving stock-based compensation and managing their tax liabilities.
- Similar filings are regularly seen from executives at comparable firms such as Goldman Sachs, Morgan Stanley, and Lazard.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they are related to executive compensation and tax obligations.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of earliest transaction, settlement of RSUs, and stock sales. |
| 02/21/2025 | Date of signature for the report. |
Keywords
Form 4, Moelis & Co, Joseph Simon, CFO, Class A Common Stock, Restricted Stock Units, RSU, Tax Obligations, Beneficial Ownership, Settlement
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