Form 4: StepStone Executive Gains 7,152 Class A Shares

StepStone Group's Head of Strategy, Michael I. McCabe, acquired 7,152 Class A Common Stock shares through a restricted stock unit award.

Summary

• Michael I. McCabe, Head of Strategy and Director at StepStone Group Inc. (STEP), reported an acquisition of 7,152 shares of Class A Common Stock.
• The transaction occurred on March 13, 2026.
• These shares were issued as restricted stock units (RSUs) under the Issuer's 2020 Long Term Incentive Plan.
• The award vests in equal annual installments on February 14, 2027, 2028, 2029, and 2030, contingent on continued employment.
• Following this transaction, McCabe directly owns 313,178 shares of Class A Common Stock and 1,906,142 shares of Class B Common Stock.
• Indirect ownership includes 122,209 shares of Class A Common Stock and 937,416 shares of Class B Common Stock through Benzy LLC.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine, slightly positive event, as it represents an executive's continued commitment and alignment with shareholder interests through a long-term incentive award.

Positives

• Increased direct ownership by a key executive, Michael I. McCabe, aligning his interests with shareholders.
• The award is part of a long-term incentive plan, indicating management's commitment to the company's future performance.
• The vesting schedule over several years (until 2030) encourages long-term retention and performance from a senior executive.

Future Outlook

The restricted stock units are scheduled to vest in equal annual installments on February 14, 2027, 2028, 2029, and 2030, subject to Michael I. McCabe's continued employment. This indicates a long-term incentive structure designed to retain key management.

Industry Context

StockSavvy.ai notes that routine insider awards, such as restricted stock units, are a common component of executive compensation packages across the financial services industry, particularly for firms like StepStone Group that rely on long-term talent retention and performance alignment.

Related Party Transactions

• The filing notes indirect beneficial ownership of 122,209 shares of Class A Common Stock and 937,416 shares of Class B Common Stock through Benzy LLC.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with long-term shareholder value due to the vesting schedule.
• Employees: Demonstrates the company's use of long-term incentive plans to retain key talent.

Next Steps

• Vesting of 7,152 Class A Common Stock shares in equal annual installments on February 14, 2027, 2028, 2029, and 2030, contingent on continued employment.

Key Dates

Keywords

StepStone Group, STEP, Insider Transaction, Form 4, Restricted Stock Units, Executive Compensation, Michael I. McCabe, Class A Common Stock