Form 4: MoneyLion Director Michael Paull Receives Annual RSU Award

Director Michael Paull received an annual award of restricted stock units (RSUs) from MoneyLion Inc. on June 13, 2024.

Summary

• On June 13, 2024, Michael Paull, a director of MoneyLion Inc., received an annual award of 1,668 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Class A common stock of MoneyLion Inc.
• The RSUs were granted automatically under the company's Outside Director Compensation Program.
• The RSUs will 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 Mr. Paull's continued service on the company's Board of Directors on each vesting date.
• Following this transaction, Mr. Paull beneficially owns 11,387 shares of Class A Common Stock including previously reported RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive as it incentivizes board member engagement. The sentiment is slightly positive due to the alignment of interests between the director and shareholders.

Positives

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

Future Outlook

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

Industry Context

RSU grants are a common form of compensation for directors, aligning their interests with the long-term performance of the company. This is a standard practice in publicly traded companies to incentivize board members.

Comparison to Industry Standards

• RSU grants to board members are a common practice among publicly traded companies, including fintech companies like MoneyLion.
• The vesting schedule of these RSUs, typically over a one to four year period, is also standard practice.
• Comparable companies such as LendingClub or Upstart also utilize equity-based compensation for their board members to align their interests with shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to remain on the board and contribute to the company's strategic direction.

Key Dates