StepStone (STEP) Director Valerie Gay Brown Receives Award

What Happened

• Valerie Gay Brown, a director of StepStone Group Inc. (STEP), was granted 5,518 shares via an award (reported as acquisition code A) on September 8, 2026. The award price was recorded at $50.74 per share, for a total reported value of $279,983. This was a compensation grant (restricted stock units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (filed within two business days, appearing timely).
• Grant details: 5,518 RSUs; price per share $50.74; total value $279,983.
• Shares owned after transaction: not disclosed in the provided filing.
• Transaction code: A (award/grant).
• Footnote: The RSUs were issued as compensation for board service and vest in full on the earlier of the first anniversary of the grant date or the issuer's next annual meeting of stockholders, subject to the reporting person’s continued service.

Context

• This is a standard board compensation award. Such grants are common for non-employee directors and reflect compensation rather than a purchase signal of personal conviction. Vesting conditions mean the shares are subject to forfeiture if the director does not remain in service until vesting.