Filing Details

Accession Number:
0000950170-24-019627
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-23 20:06:54
Reporting Period:
2024-02-21
Accepted Time:
2024-02-23 20:06:54
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1596967 Moelis & Co MC Investment Advice (6282) 464500216
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1604685 Navid Mahmoodzadegan 399 Park Ave
New York NY 10022
Co-President, Md No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2024-02-21 90,489 $0.00 124,395 No 4 M Direct
Class A Common Stock Acquisiton 2024-02-21 87,143 $0.00 211,538 No 4 M Direct
Class A Common Stock Disposition 2024-02-21 1 $52.60 211,537 No 4 F Direct
Class A Common Stock Disposition 2024-02-21 85,900 $52.60 125,637 No 4 S Direct
Class A Common Stock Disposition 2024-02-22 10,402 $54.92 115,235 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock 2018 Incentive Restricted Stock Units Disposition 2024-02-21 35,613 $0.00 35,613 $0.00
Class A Common Stock 2019 Incentive Restricted Stock Units Disposition 2024-02-21 54,876 $0.00 54,876 $0.00
Class A Common Stock 2020 LP Units of MCGEH Disposition 2024-02-21 30,420 $0.00 30,420 $0.00
Class A Common Stock 2021 LP Units of MCGEH Disposition 2024-02-21 56,723 $0.00 56,723 $0.00
Class A Common Stock 2022 LP Units of MCGEH Acquisiton 2024-02-21 253,996 $0.00 253,996 $0.00
Class A Common Stock 2022 Performance LP Units of MCGEH Acquisiton 2024-02-21 67,686 $0.00 67,686 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
54,876 No 4 M Direct
60,842 No 4 M Direct
85,085 No 4 M Direct
253,996 No 4 A Direct
67,686 No 4 A Direct
Footnotes
  1. Shares of Class A Common Stock were acquired upon settlement of Restricted Stock Units (RSUs).
  2. On February 21, 2024 certain of the holder's LP units in Moelis & Company Group Employee Holdings LP ("MCGEH") granted in February 2021 and 2022 for compensation awarded for the 2020 and 2021 fiscal years (the "2020 LP Units" and "2021 LP Units") were exchanged for an equal number of shares of Moelis & Company Class A common stock pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH. The exchanges were approved by the Company's Compensation Committee under Rule 16b-3.
  3. Class A Common Stock sold by Mr. Mahmoodzadegan in order to raise proceeds to satisfy tax obligations triggered by delivery of the Class A Common Stock upon settlement of the RSUs and LP units.
  4. The RSUs were settled for Class A common stock on February 21, 2024.
  5. Certain of the 2020 and 2021 LP Units became eligible for exchange into Class A Common Stock following vesting and Book-Up (as defined below).
  6. The 2020 LP Units vest over four years as follows: (a) 40% vested on February 23, 2023, and (b) and 20% vests on each of February 23, 2024, February 23, 2025 and February 23, 2026, These 2020 LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up").
  7. The 2021 LP Units vest over four years as follows: (a) 40% vested on February 23, 2024, and (b) and 20% vests on each of February 23, 2025, February 23, 2026 and February 23, 2027, These 2021 LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up").
  8. Limited partnership units of MCGEH may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH.
  9. Reflects a profits interest award in the form of LP Units granted to the Reporting Person on February 16, 2023 in connection with compensation awarded for the 2022 fiscal year (the "2022 LP Units"). The 2022 LP Units vest over four years as follows: (a) 40% vests on February 23, 2025, and (b) and 20% vests on each of February 23, 2026, February 23, 2027 and February 23, 2028, These 2022 LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up"). On February 21, 2024, the Issuers Compensation Committee certified the achievement of the Book-Up. These 2022 LP Units remain subject to the time-based vesting requirements described herein. The redemption rights described herein do not expire.
  10. Reflects a profits interest award in the form of LP Units previously granted to the Reporting Person in February 2023 in connection with the compensation for the 2022 fiscal year, which are subject to the performance and time-based vesting requirements described below. These LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up"). On February 21, 2024, the Issuer's Compensation Committee certified the achievement of the Book-Up, and these LP Units remain subject to the performance and time-based vesting requirements described below.
  11. Amount reflects target award of 43,792 Performance LP Units (with a maximum award of 65,688 Performance LP Units) plus 1,997.83 Performance LP Units in dividend equivalents previously granted and included in the Book Up in February of 2024.
  12. These Performance LP Units are subject to three conditions in order to vest: (i) a Book-Up, (ii) certain performance conditions based on meeting or exceeding specified dividend adjusted stock price hurdles and (iii) a five year service vesting condition. At this time, only the Book-Up condition has been met. The target amount of Performance LP Units (and related dividend equivalents) satisfy the time-vesting requirement in equal installments on each of February 16, 2026, 2027 and 2028 and Performance LP Units in excess of the target Performance LP Units (and related dividend equivalents) satisfy the time -vesting requirement on February 16, 2028. The redemption rights described herein do not expire.