Cantor Eric 4
Research Summary
AI-generated summary
Moelis (MC) Vice Chairman Eric Cantor Receives 626.92 RSU Award
What Happened
- Eric Cantor, Vice Chairman, Managing Director and Director of Moelis & Company (MC), received a series of restricted stock unit (RSU) awards on June 18, 2026. The filing shows five grant entries totaling 626.92 RSUs (68.28; 171.27; 197.63; 124.77; 64.97), each recorded at $0.00 per unit (these are awards, not purchases). No cash price or immediate sale is reported.
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed one business day after the typical two-business-day Form 4 window).
- Awards: five RSU grants totaling 626.92 RSUs; each shown at $0.00 (derivative awards).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes:
- Each RSU represents the right to receive either one share of Class A common stock or a cash equivalent at Moelis & Company’s option (F1).
- These RSUs were issued as dividend equivalents on Cantor’s unvested underlying Incentive and Long Term Incentive RSUs from prior grant years (underlying grants from 2022, 2023, 2024 and 2025 per footnotes F2–F6). The dividend-equivalent RSUs vest concurrently with the underlying unvested awards.
- Transaction type: Award/Grant (code A) — not a market purchase or sale.
Context
- These are derivative awards (RSUs), not an open-market buy or sale. RSUs generally convert to shares (or cash at the company’s option) upon settlement and typically vest on the schedule of the underlying grants; dividend-equivalent RSUs simply mirror dividends on unvested awards and do not indicate an immediate change in Cantor’s ownership position until they vest/settle.
- Filing lateness: The Form 4 appears to have been filed one business day late relative to the two-business-day reporting requirement; late filings can be administrative but may draw SEC attention depending on circumstances.