Form 4: Moelis & Co COO Katherine Pilcher Ciafone Reports Incentive RSU Transactions
SEC Form 4
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 on April 02, 2024.
- The report details the acquisition of incentive Restricted Stock Units (RSUs) on March 28, 2024, as dividend equivalents related to previously issued RSUs.
- These RSUs were issued as dividend equivalents on unvested underlying Incentive RSUs issued on February 13, 2020, February 19, 2021, February 17, 2022, and February 16, 2023.
- The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.
- The transactions involve 28.07 RSUs related to the 2019 incentive RSUs, 28.92 RSUs related to the 2020 incentive RSUs, 41.21 RSUs related to the 2021 incentive RSUs, and 78.15 RSUs related to the 2022 incentive RSUs.
- Following these transactions, Ms. Ciafone directly owns 2,684.16 RSUs related to the 2019 incentive RSUs, 2,765.62 RSUs related to the 2020 incentive RSUs, 3,939.9 RSUs related to the 2021 incentive RSUs, and 7,472.93 RSUs related to the 2022 incentive RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of executive interests with shareholders.
Positives
- The acquisition of RSUs as dividend equivalents indicates continued alignment of the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/13/2020 | Date of issuance of underlying Incentive RSUs for which dividend equivalents were issued. |
| 02/19/2021 | Date of issuance of underlying Incentive RSUs for which dividend equivalents were issued. |
| 02/17/2022 | Date of issuance of underlying Incentive RSUs for which dividend equivalents were issued. |
| 02/16/2023 | Date of issuance of underlying Incentive RSUs for which dividend equivalents were issued. |
| 03/28/2024 | Date of transaction: Acquisition of incentive RSUs as dividend equivalents. |
| 04/02/2024 | Date of Form 4 filing. |
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