4//SEC Filing
Windeatt Sean A 4
Accession 0001437749-24-011128
CIK 0001094831other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 9:39 PM ET
Size
8.4 KB
Accession
0001437749-24-011128
Insider Transaction Report
Form 4
Windeatt Sean A
COO and Co-CEO
Transactions
- Award
Class A Common Stock, par value $0.01 per share
2024-04-01+60,095→ 799,624 total - Award
Class A Common Stock, par value $0.01 per share
2024-04-01+131,053→ 739,529 total
Footnotes (3)
- [F1]On April 1, 2024, BGC Group, Inc. (the "Company") granted the reporting person 131,053 restricted stock units ("RSU-LLPs") under the BGC Group, Inc. Long Term Incentive Plan (the "LTIP"). Each RSU-LLP represents a contingent right to receive one share of the Company's Class A common stock, par value $0.01 ("Class A Common Stock"). The RSU-LLPs shall vest on April 1, 2027, provided that the reporting person remains a member of and in good standing with BGC Services (Holdings) LLP, a wholly owned subsidiary of the Company, through the vesting date and contingent upon the Company generating at least $5 million in gross revenues for the quarter in which the vesting occurs. The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]On April 1, 2024, the Company granted the reporting person 60,095 restricted stock units ("RSUs") under the LTIP. Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs shall vest ratably one-fifth (1/5th) on each of the first (1st) through fifth (5th) anniversaries of the grant date, provided that the reporting person is still substantially providing services exclusively for the Company or any of its affiliates through the applicable vesting date, and contingent upon the Company generating at least $5 million in gross revenues for the quarter in which the vesting occurs. The grant was approved by the Compensation Committee and is exempt pursuant to Rule 16b-3 under the Exchange Act.
- [F3]Includes (i) 158,449 unrestricted shares of Class A Common Stock held directly by the reporting person; (ii) 239,990 RSAs that will vest on April 1, 2025 provided that the reporting person remains employed through such vesting date, and subject to other obligations as set forth in the applicable award agreement, and (iii) 210,037 previously granted RSUs which will vest on July 1, 2033, provided that the reporting person remains employed through such vesting date, and contingent upon the Company generating at least $5 million in revenue for the quarter in which the vesting occurs.
Documents
Issuer
BGC Group, Inc.
CIK 0001094831
Entity typeother
Related Parties
1- filerCIK 0001450108
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 9:39 PM ET
- Size
- 8.4 KB