Malkin Stephen 4

What Happened
Stephen Malkin, a director of GCM Grosvenor Inc. (GCMG), was granted 5,082 restricted stock units (RSUs) on 2026-06-30. The grant is reported at a per-share value of $12.30, totaling approximately $62,509. This was an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-30; 5,082 RSUs valued at $12.30 each (total ~$62,509).
• Type: Award/Grant of RSUs (derivative), reported on Form 4 and filed 2026-07-01 (filed one day after the grant; appears timely).
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: Each RSU represents the contingent right to receive one share of Class A common stock.
  • F2: The RSUs were granted under the 2020 Incentive Award Plan in lieu of quarterly cash compensation at the director's election and are fully vested as of the grant date. Settlement (delivery of shares) will occur upon the earliest of the director's separation from service, a change in control, or death/disability.
• Filing code: A = Award/Grant (derivative). No 10b5-1, sale, or tax-withholding code noted.

Context
RSUs are a form of compensation rather than an immediate stock purchase; although these RSUs are fully vested, they will only convert to actual shares upon a qualifying event (separation, change in control, or death/disability). That means this grant does not immediately increase the number of tradable shares held by the director. For retail investors, awards can signal alignment of insiders with shareholder interests but do not carry the same immediate market signal as open-market purchases.