Form 4: Moelis & Co. COO Katherine Pilcher Ciafone Reports Incentive RSU Transactions

Katherine Pilcher Ciafone, Chief Operating Officer of Moelis & Co., reports the acquisition of incentive Restricted Stock Units (RSUs) as dividend equivalents.

Summary

• Katherine Pilcher Ciafone, the Chief Operating Officer of Moelis & Co., filed a Form 4 with the SEC.
• The filing reports the acquisition of incentive Restricted Stock Units (RSUs) on June 20, 2024.
• These RSUs were issued as dividend equivalents on previously issued unvested underlying incentive RSUs.
• The dividend equivalent RSUs will vest concurrently with the vesting of the underlying incentive RSUs.
• The transactions involve RSUs from the 2019, 2020, 2021 and 2022 incentive plans.
• A total of 29.96, 30.87, 43.97 and 83.4 RSUs were acquired as dividend equivalents for the 2019, 2020, 2021 and 2022 incentive plans respectively.
• The reporting person directly owns 2,714.12, 2,796.49, 3,983.87 and 7,556.33 Class A Common Stock as a result of the 2019, 2020, 2021 and 2022 incentive plans respectively.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.

Positives

• The acquisition of dividend equivalent RSUs indicates continued investment in the company by its executives.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it reflects continued executive investment in the company.

Key Dates