Shropshire Kenneth 4
Research Summary
AI-generated summary
Moelis (MC) Director Kenneth Shropshire Receives RSU Award
What Happened
- Kenneth Shropshire, a director of Moelis & Co. (MC), was granted three awards on 2026-03-26 totaling 47.45 Restricted Stock Units (RSUs): 25.19, 21.02 and 1.24 RSUs. The filing lists these as acquisitions by award (transaction code A). No purchase price or cash value is reported in the filing (price = N/A).
- Per the filing, each RSU represents the right to receive one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-03-26; Form 4 filed: 2026-03-30 (timely within required reporting window).
- Transaction type: A = Award/Grant (RSUs). Price: N/A (awards, not open-market trades).
- Shares shown acquired: 25.19, 21.02 and 1.24 RSUs (total 47.45 RSUs).
- Shares owned after the transaction: not specified in the provided data.
- Relevant footnotes from the filing:
- F1: Each RSU converts to one share of Class A common stock.
- F2–F4: Some RSUs are dividend-equivalent RSUs tied to underlying Annual or Elective RSUs from 2024 and 2025 and will vest concurrently with those underlying awards.
- No 10b5-1 plan, tax-withholding sale, or exercise/sale details are reported for these entries.
Context
- These grants are compensation awards (RSUs), a routine part of director/executive pay; they are not open-market purchases or sales and do not by themselves indicate a buy/sell sentiment.
- Dividend-equivalent RSUs simply mirror dividends on underlying RSUs and will vest according to the schedule for those underlying awards.