Bentley Pamela L 4
Research Summary
AI-generated summary
GCM Grosvenor (GCMG) CFO Pamela Bentley Receives RSU Shares; Tax Withholding
What Happened
- Pamela L. Bentley, Chief Financial Officer of GCM Grosvenor Inc. (GCMG), had RSUs vest and be converted into common shares on May 31, 2026. A total of 44,912 shares were delivered in settlement of vested restricted stock units.
- To satisfy tax withholding obligations, 20,256 of those shares were withheld by the issuer at $10.63 per share for total withholding of $215,321. The net number of shares issued to Bentley was 24,656 (44,912 vested − 20,256 withheld). These actions are conversions/settlements of RSUs (derivative-to-stock), not open-market purchases or sales.
Key Details
- Transaction date: May 31, 2026; Form filed June 2, 2026.
- Vested/converted shares: 16,668 + 16,161 + 12,083 = 44,912 shares delivered.
- Shares withheld for taxes: 20,256 shares at $10.63 per share; withholding value $215,321 (notation F = tax withholding).
- Net shares received by reporting person: 24,656 shares.
- Footnotes: RSUs granted under the 2020 Incentive Award Plan (see F1–F4); each RSU equals one share (F2); withheld shares represent net settlement for tax liability and are not an open-market sale (F5).
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: filed June 2, 2026 (within the typical Form 4 filing window).
Context
- These transactions are vesting/settlement of restricted stock units (reported as derivative conversions, code M) with an issuer withholding to cover tax obligations (code F). This is a routine compensation event and not a public sale of shares; it does not necessarily indicate a buy or sell signal.