Form 4: Moelis & Co. General Counsel Receives Dividend Equivalent Incentive RSUs
SEC Form 4 Filing
Osamu Watanabe, General Counsel and Secretary of Moelis & Co., reports the acquisition of dividend equivalent incentive Restricted Stock Units (RSUs) on March 28, 2024.
Summary
- Osamu Watanabe, the General Counsel and Secretary of Moelis & Co., filed a Form 4 on April 2, 2024, reporting changes in beneficial ownership.
- On March 28, 2024, Watanabe acquired incentive RSUs as dividend equivalents related to previously issued unvested underlying incentive RSUs.
- These dividend equivalent RSUs will vest concurrently with the vesting of the underlying RSUs issued in 2020, 2021, 2022, 2023 and 2024.
- The acquired RSUs represent the right to receive either Class A common stock or an equivalent cash amount upon settlement, at Moelis & Company's discretion.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The granting of RSUs aligns management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Acquisition of dividend equivalent incentive RSUs |
| 04/02/2024 | Date of Form 4 filing |
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