Form 4: Moelis & Co. Executive Receives Dividend Equivalent Incentive RSUs

Osamu Watanabe, General Counsel and Secretary of Moelis & Co., reports the acquisition of dividend equivalent incentive Restricted Stock Units (RSUs) related to previously issued RSUs.

Summary

• On June 20, 2024, Osamu Watanabe, General Counsel and Secretary of Moelis & Co., acquired incentive Restricted Stock Units (RSUs) as dividend equivalents.
• These RSUs are related to underlying incentive RSUs issued in 2020, 2021, 2022, 2023 and 2024.
• The dividend equivalent RSUs will vest concurrently with the vesting of the unvested underlying incentive RSUs.
• The prices of the underlying shares on the grant date of the dividend equivalents were $47.92, $46.38, $65.62, $83.4 and $82.55 respectively.
• Following the reported transactions, Watanabe beneficially owns 4,341.17, 4,202.36, 5,945.11, 7,556.33 and 7,478.9 RSUs from the 2019, 2020, 2021, 2022 and 2023 grants respectively.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing regarding executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by a company executive could be perceived positively by shareholders as it aligns management's interests with theirs.

Key Dates