Form 4: MoneyLion Director Dwight L. Bush Receives Annual RSU Award

Dwight L. Bush, a director at MoneyLion Inc., received an annual award of 1,668 restricted stock units (RSUs) on June 13, 2024, as part of the company's Outside Director Compensation Program.

Summary

• On June 13, 2024, Dwight L. Bush, a director of MoneyLion Inc., was granted 1,668 restricted stock units (RSUs) as part of the company's Outside Director Compensation Program.
• These RSUs represent a contingent right to receive one share of Class A common stock of MoneyLion Inc. each.
• The RSUs will vest in four equal installments: 25% on September 13, 2024, 25% on December 13, 2024, 25% on March 13, 2025, and the final 25% on June 13, 2025.
• Vesting is contingent upon Mr. Bush's continued service on the Company's Board of Directors on each vesting date.
• Following this transaction, Mr. Bush beneficially owns a total of 11,387 RSUs, including those previously reported.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the Board of Directors.

Risks

• The value of the RSUs is subject to the market price of MoneyLion's Class A common stock.
• Failure to remain on the Board of Directors would result in forfeiture of unvested RSUs.

Future Outlook

The director's continued service is tied to the vesting of the RSUs, suggesting an ongoing commitment to the company.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The specific amount and vesting schedule of RSUs can vary widely based on company size, industry, and individual director responsibilities.
• Comparing MoneyLion's director compensation to that of similar fintech companies would provide a more detailed benchmark.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns director interests with long-term company performance.

Key Dates