StepStone (STEP) Director Anne L. Raymond Receives Award

What Happened

• Anne L. Raymond, a director of StepStone Group Inc. (STEP), was granted 5,124 shares via an award of restricted stock units on 2026-09-08. The grant is reported at $50.74 per share for a total reported value of $259,992. This transaction is an award/compensation grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-08 at $50.74 per share (total $259,992).
• Transaction type: Award/Grant of restricted stock units (code A).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Vesting: The RSUs vest in full on the earlier of the first anniversary of the grant date or the issuer’s next annual meeting, subject to continued service (per filing footnote).
• Filing timeliness: Form 4 filed 2026-09-10 — within the typical two-business-day reporting window (timely).
• No sell-to-cover, tax withholding, or cashless exercise noted in the filing.

Context

• This grant is routine board compensation and represents restricted stock units that will convert to shares only upon vesting and continued service; such awards are common and do not necessarily signal the director’s view on the company’s near-term share price.