Riehl Nick 4
4 · Moelis & Co · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Moelis (MC) Principal Accounting Officer Nick Riehl Receives RSU Awards
What Happened
Nick Riehl, Principal Accounting Officer of Moelis & Company (MC), was granted a total of 30.71 restricted stock units (RSUs) on June 18, 2026 across five awards (9.68; 1.83; 3.24; 9.17; 6.79). The filing reports an acquisition price of $0 for each award because these were issued as dividend equivalents (derivative awards). Each RSU represents the right to receive either a share of Class A common stock or a cash amount equal to the share’s fair market value upon settlement.
Key Details
- Transaction date: June 18, 2026; Filing date: June 23, 2026 (filed 5 days after the transaction).
- Reported price/value: $0 per unit in the Form 4 (awards reported as dividend-equivalent RSUs).
- Total RSUs granted: 30.71 RSUs (sum of five awards).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes: Awards were issued as dividend equivalents on previously granted unvested Incentive and Long Term Incentive RSUs (see F1–F6). These dividend-equivalent RSUs will vest concurrently with their underlying unvested RSUs and convert to stock or cash upon settlement.
- Timeliness: Filing appears late relative to the June 18 transaction (filed June 23); late filings can be noted by investors but do not by themselves indicate trading intent.
Context
These transactions are derivative awards (RSU dividend equivalents), not open-market purchases or sales. They increase Riehl’s potential future holding only when/if the RSUs vest and are settled for shares or cash. Dividend-equivalent RSUs are typically administrative adjustments that mirror dividends on underlying unvested awards and vest on the same schedule as those underlying awards.
Insider Transaction Report
- Award
2023 Long Term Incentive RSUs
[F1][F2]2026-06-18+9.68→ 1,009.86 totalExercise: $0.00→ Class A Common Stock (9.68 underlying) - Award
2024 Incentive RSUs
[F1][F3]2026-06-18+1.83→ 191.44 totalExercise: $0.00→ Class A Common Stock (1.83 underlying) - Award
2024 Long Term Incentive RSUs
[F1][F4]2026-06-18+3.24→ 338.21 totalExercise: $0.00→ Class A Common Stock (3.24 underlying) - Award
2025 Incentive RSUs
[F1][F5]2026-06-18+9.17→ 957.16 totalExercise: $0.00→ Class A Common Stock (9.17 underlying) - Award
2025 Special Incentive RSUs
[F1][F6]2026-06-18+6.79→ 708.93 totalExercise: $0.00→ Class A Common Stock (6.79 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit (RSU) represents the right to receive upon settlement either, at Moelis & Company's option, a share of Class A common stock or an amount of cash equal to the fair market value of such share.
- [F2]Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 15, 2024 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs.
- [F3]Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.
- [F4]Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs.
- [F5]Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.
- [F6]Special Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.