Pilcher Ciafone Katherine 4
4 · Moelis & Co · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Moelis (MC) COO Katherine Pilcher Ciafone Receives Awards
What Happened
- Katherine Pilcher Ciafone, Chief Operating Officer of Moelis & Co (MC), was granted two profits-interest awards on Feb 9, 2026: 8,161 LP units and 2,550 Long‑Term Incentive (LTI) LP units. Both awards were granted at $0.00 (derivative awards) for a combined total of 10,711 LP units.
- These LP units are derivative interests that may be redeemed one-for-one for Class A common stock after the units vest and after a sufficient allocation of profits has occurred (the “Book‑Up”). The Issuer’s Compensation Committee certified achievement of the Book‑Up on Feb 9, 2026. No cash was paid in connection with these grants.
Key Details
- Transaction date(s): Feb 9, 2026 (reported on Form 4 filed Feb 11, 2026).
- Prices: $0.00 per unit; total reported cash value $0 (derivative awards).
- Awards by footnote mapping:
- 8,161 units — “2024 LP Units” (F2): vesting schedule — 40% vests on Feb 23, 2027; then 20% on each of Feb 23, 2028, Feb 23, 2029 and Feb 23, 2030.
- 2,550 units — “2024 LTI LP Units” (F3): vesting schedule — 33% vests on each of Feb 23, 2028, Feb 23, 2029 and Feb 23, 2030.
- Redemption: Per footnote (F1) and F2/F3, LP units may be redeemed one-for-one for Class A common stock after vesting and after profits are allocated; redemption rights do not expire.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Filing timeliness: Report filed Feb 11, 2026 for a Feb 9, 2026 transaction; this appears to be filed within the standard two-business‑day Form 4 reporting window.
Context
- These were grants/awards (not purchases or sales). Awards are compensation and typically subject to time‑based vesting; they do not represent immediate open‑market buying or selling.
- For retail investors, such grants signal manager compensation alignment with equity but do not, by themselves, indicate an immediate change in insider holdings or intent to buy/sell until/if units are redeemed for stock.
Insider Transaction Report
Form 4
Pilcher Ciafone Katherine
Chief Operating Officer
Transactions
- Award
2024 LP Units of MCGEH (Granted February 13, 2025)
[F1][F2]2026-02-09+8,161→ 8,161 total→ Class A Common Stock (8,161 underlying) - Award
2024 LTI LP Units of MCGEH (Granted February 13, 2025)
[F1][F3]2026-02-09+2,550→ 2,550 total→ Class A Common Stock (2,550 underlying)
Footnotes (3)
- [F1]Limited partnership units of MCGEH may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH.
- [F2]On February 13, 2025, the Reporting Person was granted a profits interest award in the form of LP Units in connection with compensation for the 2024 fiscal year (the "2024 LP Units"). The 2024 LP Units vest over four years as follows: (a) 40% vests on February 23, 2027, and (b) and 20% vests on each of February 23, 2028, February 23, 2029 and February 23, 2030. These 2024 LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up"). On February 9, 2026, the Issuers Compensation Committee certified the achievement of the Book-Up. These 2024 LP Units remain subject to the time-based vesting requirements described herein. The redemption rights described herein do not expire.
- [F3]On February 13, 2025, the Reporting Person was granted a profits interest award in the form of Long Term Incentive LP Units in connection with compensation for the 2024 fiscal year (the "2024 LTI LP Units"). The 2024 LTI LP Units vest over three years as follows: 33% vests on each February 23, 2028, February 23, 2029 and February 23, 2030. These 2024 LTI LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LTI LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LTI LP Units (the "Book-Up"). On February 9, 2026, the Issuers Compensation Committee certified the achievement of the Book-Up. These 2024 LTI LP Units remain subject to the time-based vesting requirements described herein. The redemption rights described herein do not expire.
Signature
/s/ Osamu Watanabe as attorney-in-fact for Katherine Pilcher Ciafone|2026-02-11