Riehl Nick 4

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.