Form 4: MoneyLion Director Annette L. Nazareth Reports Acquisition of Class A Common Stock

Director Annette L. Nazareth reported the acquisition of 1,668 shares of Class A Common Stock in MoneyLion Inc. due to an annual award of restricted stock units.

Summary

• On June 13, 2024, Annette L. Nazareth, a director of MoneyLion Inc., acquired 1,668 shares of Class A Common Stock.
• This acquisition was due to an annual award of restricted stock units (RSUs) granted under the company's Outside Director Compensation Program.
• Each RSU represents a contingent right to receive one share of Class A common stock.
• The RSUs vest in four equal installments: 25% on September 13, 2024, 25% on December 13, 2024, 25% on March 13, 2025, and 25% on June 13, 2025.
• Vesting is contingent upon the director's continued service on the company's Board of Directors on each vesting date.
• Following the reported transaction, Nazareth beneficially owns 11,387 shares of Class A Common Stock, including previously reported RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard director compensation practice. The acquisition of shares by a director is generally viewed positively, but it's a routine event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The director's continued service on the Board of Directors is required for the RSUs to vest on the specified dates.

Industry Context

Director compensation in the form of stock and RSUs is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock awards and RSU grants are standard components of director compensation packages across various industries.
• Companies like Block, Inc. and Upstart Holdings, Inc. also utilize equity-based compensation for their board members.
• The vesting schedules and amounts may vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates