Form 4: Moelis & Co Director Laila Worrell Receives Restricted Stock Units

Director Laila Worrell received annual and elective restricted stock units (RSUs) from Moelis & Co on July 1, 2024.

Summary

• Laila Worrell, a director at Moelis & Co, received restricted stock units (RSUs) on July 1, 2024.
• These include 1,938 annual RSUs and 1,061 elective RSUs.
• The annual RSUs vested immediately on July 1, 2024, and will be settled within 60 days following July 1, 2026.
• The elective RSUs vest in equal fourths at the beginning of each quarter, ending on July 1, 2025, with settlement within 60 days of each vesting date.
• The RSUs were granted based on a share price of $54.17, which was the average closing price of Moelis & Co's Class A common stock on the NYSE for the five trading days ended June 28, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral positive.

Positives

• The granting of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule of the elective RSUs encourages continued service and contribution to the company over the next year.

Industry Context

Granting restricted stock units is a common practice in the financial services industry to incentivize and retain key personnel, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Companies like Goldman Sachs, Morgan Stanley, and Lazard also use RSUs as part of their compensation packages for directors and executives.
• The vesting schedules and grant prices are typically determined based on company performance, industry benchmarks, and individual contributions.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they align director interests with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates