ABULARRAGE JOHN J. 4
4 · BGC Group, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
BGC CEO John Abularrage Receives RSU Award; Shares Withheld for Taxes
What Happened
- John J. Abularrage, CEO of BGC Group, received a grant of 164,890 restricted stock units (RSUs) effective April 1, 2025 (transaction code A). Under the grant, 32,978 of those RSUs vested on March 15, 2026; additional previously granted RSUs also vested so that a total of 75,071 RSUs became issuable on March 15, 2026.
- To satisfy tax withholding on the March 15, 2026 vesting (transaction code F), the company withheld 41,516 shares of Class A common stock at an effective price of $9.57 per share, equal to ~$397,308. The remaining 33,555 shares from the vested batch were issued to Mr. Abularrage. After the transaction he directly holds 147,702 shares of Class A common stock.
Key Details
- Grant date: April 1, 2025 — 164,890 RSUs granted (subject to vesting and a revenue contingency for quarter-level vesting).
- Vesting/withholding: March 15, 2026 — 75,071 RSUs vested; 41,516 shares withheld at $9.57/share for taxes (≈ $397,308); 33,555 shares delivered to the insider.
- Shares held after transaction: 147,702 shares held directly.
- Outstanding unvested RSUs: 333,643 RSUs remain unvested, with scheduled vesting of 172,543 on 3/15/2027; 64,062 on 3/15/2028; 64,060 on 3/15/2029; and 32,978 on 3/15/2030 (subject to continued service and revenue conditions).
- Filing timing: The April 1, 2025 grant was included in this Form 4 filed on March 16, 2026 (the grant report appears late); the March 15, 2026 vesting/withholding was reported promptly (filed next day).
Context
- RSUs are awards that convert to shares on vesting. The withholding here is a routine tax-related withholding (company retained shares to cover the taxes) and is not a market sale of shares for investment purposes.
- Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding).
- These entries describe compensation and tax withholding; they do not by themselves indicate the CEO is buying or selling stock for investment reasons.
Insider Transaction Report
Form 4
ABULARRAGE JOHN J.
Co-Chief Executive Officer
Transactions
- Award
Class A Common Stock, par value $0.01 per share
[F1]2025-04-01+164,890→ 522,861 total - Tax Payment
Class A Common Stock, par value $0.01 per share
[F2][F3][F4]2026-03-15$9.57/sh−41,516$397,308→ 481,345 total
Footnotes (4)
- [F1]Effective April 1, 2025, BGC Group, Inc. (the "Company") granted the reporting person 164,890 restricted stock units ("RSUs") granted under the BGC Group, Inc. Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of the Company's Class A common stock, par value $0.01 ("Class A Common Stock"). Of these RSUs, 32,978 RSUs vested on March 15, 2026, and the remainder will vest ratably one-fourth (1/4th) on each of March 15, 2027, 2028, 2029, and 2030, 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.
- [F2]On March 15, 2026, pursuant to the vesting schedule of the RSUs previously granted to the reporting person, 75,071 RSUs became vested and issuable as shares of Class A Common Stock to the reporting person. The reported transaction involved the withholding by the Company of 41,516 shares of Class A Common Stock for taxes. The remaining 33,555 shares of Class A Common Stock were issued to the reporting person.
- [F3]Consists of 147,702 shares of Class A Common Stock held directly after the vesting and withholding described in Footnote 1.
- [F4]Also consists of 333,643 RSUs, of which (i) 172,543 RSUs will vest on March 15, 2027, (ii) 64,062 RSUs will vest on March 15, 2028 (iii) 64,060 RSUs will vest on March 15, 2029, and (iv) 32,978 RSUs will vest on March 15, 2030, in each case provided that the reporting person is still substantially providing services exclusively for the Company or any of its affiliates through the applicable vesting date.
Signature
/s/ John J. Abularrage|2026-03-16