Form 4: Moelis & Co. Executive Eric Cantor Awarded Dividend Equivalent RSUs

Eric Cantor, Vice Chairman and Managing Director of Moelis & Co., received dividend equivalent Restricted Stock Units (RSUs) on March 27, 2025, related to previously issued incentive and long-term incentive RSUs.

Summary

• On March 27, 2025, Eric Cantor, Vice Chairman and Managing Director of Moelis & Co., was granted dividend equivalent Restricted Stock Units (RSUs).
• These RSUs are related to previously issued incentive RSUs from 2021, 2022, 2023, 2024 and 2025, as well as long-term incentive RSUs from 2025.
• The dividend equivalent RSUs will vest concurrently with the vesting of the underlying unvested incentive and long-term incentive RSUs.
• The total dividend equivalent RSUs awarded were 77.41 (2020 Incentive RSUs), 145.98 (2021 Incentive RSUs), 274.64 (2022 Incentive RSUs), 281.69 (2023 Incentive RSUs), 166.72 (2024 Incentive RSUs) and 69.46 (2024 Long Term Incentive RSUs).
• Each RSU represents the right to receive either a share of Class A common stock or an equivalent cash amount at Moelis & Company's discretion.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation matter. The sentiment is neutral to slightly positive as it indicates continued investment in key personnel.

Positives

• The granting of dividend equivalent RSUs aligns executive compensation with shareholder returns.
• The vesting schedule tied to the underlying RSUs encourages long-term performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting of the RSUs.

Industry Context

Granting RSUs is a common practice in the financial services industry to incentivize executives and align their interests with those of shareholders.

Comparison to Industry Standards

• Many investment banks and financial advisory firms, such as Goldman Sachs, Morgan Stanley, and Lazard, utilize RSU grants as part of their executive compensation packages.
• The specific terms and conditions of RSU grants, including vesting schedules and performance metrics, can vary significantly between firms based on their compensation philosophies and strategic objectives.
• Dividend equivalent RSUs are a fairly standard feature, ensuring that executives receive value equivalent to dividends paid on common stock during the vesting period.

Stakeholder Impact

• The RSU grants align management's interests with those of shareholders, potentially driving long-term value creation.
• Employees may view the RSU grants as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

RSU, Moelis & Co, Eric Cantor, Incentive RSUs, Dividend Equivalents, Form 4, Beneficial Ownership, Executive Compensation