Form 4: MoneyLion Executive Richard Correia Reports Stock Transactions Following PSU Vesting

Richard Correia, President, CFO, and Treasurer of MoneyLion Inc., reports acquisition and disposal of Class A Common Stock related to vesting of performance share units (PSUs) and restricted stock units (RSUs).

Summary

• On March 7, 2024, Richard Correia, President, CFO, and Treasurer of MoneyLion Inc., reported transactions involving Class A Common Stock.
• Correia acquired 50,909 shares underlying restricted stock units (RSUs) and 50,060 shares underlying performance share units (PSUs).
• 8,056 shares were withheld to cover tax liabilities related to the vesting of 16,690 PSUs.
• Following these transactions, Correia beneficially owns 240,075 shares of Class A Common Stock.
• The RSUs vest quarterly beginning May 15, 2024.
• One-third of the earned PSUs vested immediately on March 7, 2024, with the remainder vesting quarterly beginning May 15, 2024.
• All amounts of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions related to executive compensation. The vesting of PSUs suggests the company met certain performance goals, which is mildly positive.

Positives

• The vesting of PSUs indicates that performance goals were met, which is a positive sign for the company's performance.
• Correia's continued service is required for the vesting of RSUs and PSUs, aligning his interests with the company's success.

Negatives

• The withholding of 8,056 shares to cover tax liabilities reduces Correia's net acquisition of shares.

Risks

• Future vesting of RSUs and PSUs is contingent on Correia's continued service with the company.
• The value of the shares is subject to market fluctuations, which could impact the value of Correia's holdings.

Future Outlook

The future outlook is tied to the continued vesting of RSUs and PSUs, which is dependent on Correia's continued service with the company and the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including RSUs and PSUs are standard practice in publicly traded companies to incentivize performance and retain key personnel.
• The vesting schedules and performance goals associated with these equity awards are typically aligned with industry benchmarks and company-specific objectives.
• Companies like Upstart, LendingClub, and SoFi also utilize similar equity-based compensation structures for their executives.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign of company performance.
• Employees may be motivated by the achievement of performance goals that led to PSU vesting.

Next Steps

• Continued monitoring of Correia's stock ownership and transactions.
• Tracking the vesting schedule of RSUs and PSUs.

Key Dates