Form 4: Moelis & Co. Executive Jeffrey Raich Reports Changes in Beneficial Ownership

Jeffrey Raich, Co-President and MD of Moelis & Co., reports changes in beneficial ownership related to incentive RSUs.

Summary

• On September 26, 2024, Jeffrey Raich, Co-President and Managing Director of Moelis & Co., reported changes in his beneficial ownership of the company's securities.
• The reported transaction involves incentive Restricted Stock Units (RSUs) issued as dividend equivalents on previously issued unvested RSUs.
• Raich acquired 159.95 incentive RSUs at a price of $0.
• Following the reported transaction, Raich directly owns 18,610.27 derivative securities.
• Each RSU represents the right to receive either a share of Class A common stock or an equivalent amount of cash at Moelis & Company's discretion.
• These dividend equivalent RSUs will vest concurrently with the vesting of the underlying unvested RSUs issued on February 13, 2020, and subsequent dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It is standard practice for executives to receive and report such equity-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the routine issuance of dividend equivalent RSUs to an executive.

Key Dates