Form 4: Director Richard Burns Receives SAMG Restricted Stock Units
Statement of Changes in Beneficial Ownership
Silvercrest Asset Management Group director Richard Jonathan Burns was granted 4,322 restricted stock units vesting in 2029.
Summary
- Director Richard Jonathan Burns acquired 4,322 Class A restricted stock units (RSUs) of Silvercrest Asset Management Group Inc. (SAMG).
- The grant was issued on May 6, 2026.
- The RSUs are subject to a three-year cliff vesting schedule, with 100% of the units vesting on May 6, 2029.
- Following this transaction, the director's total beneficial ownership of Class A common stock is 19,333 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Retention of key leadership personnel via a three-year vesting period.
Negatives
- Minor dilution of existing shareholders, though the amount is immaterial relative to total outstanding shares.
Risks
- Market price volatility of SAMG shares could impact the ultimate value of the equity grant for the director.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on director equity compensation.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard practice in the asset management industry to ensure long-term alignment with firm performance and shareholder interests.
Comparison to Industry Standards
- The three-year cliff vesting schedule is consistent with standard corporate governance practices for director equity awards in the financial services sector.
- The use of RSUs as a retention and incentive tool is common among publicly traded asset managers like Affiliated Managers Group or Artisan Partners.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Director Richard Jonathan Burns executed a Power of Attorney authorizing David Campbell, Scott Gerard, and Julie Mediamolle to file Section 16 reports on his behalf. | 05/06/2026 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the 4,322 RSUs on May 6, 2029.
Key Dates
| Date | Description |
|---|---|
| 05/06/2026 | Date of RSU grant and earliest transaction. |
| 05/08/2026 | Date of filing. |
| 05/06/2029 | Vesting date for the granted RSUs. |
Keywords
SAMG, Silvercrest Asset Management, Director Compensation, Restricted Stock Units, Insider Ownership, Equity Grant
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