GCM Grosvenor (GCMG) Director Equity Grants: 2,595 Shares Delivered, 6,111 RSUs

Rhea-AI Filing Summary

Francesca Cornelli, a director of GCM Grosvenor Inc. (GCMG), reported receipt and grants of restricted stock units (RSUs) and an outright delivery of shares. The filing shows 2,595 shares of Class A common stock were delivered to the reporting person on September 30, 2025 in settlement of a fully vested RSU granted September 30, 2024. A separate grant of 6,111 RSUs was made on September 30, 2025 and is fully vested as of the grant date. After the non-derivative transaction, the Form reports the reporting person as beneficially owning 36,314 shares of Class A common stock. The derivative holdings section shows reported beneficial ownership figures of 13,216 and 19,327 shares underlying RSUs following the reported derivative transactions. Several RSU grants list settlement triggers tied to December 15, 2027, change-in-control, death or disability, or separation from service.

Positive

• Transparent disclosure of director equity transactions with exact quantities and settlement terms
• Receipt of 2,595 shares delivered in settlement of a fully vested RSU granted September 30, 2024
• Grant of 6,111 RSUs on September 30, 2025 that are described as fully vested as of grant
• Detailed settlement triggers provided for RSUs (December 15, 2027, change-in-control, death/disability, separation)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received vested RSUs and shares; disclosures are routine, showing compensation equity awards and delayed settlement conditions.

The Form 4 discloses director compensation delivered partly in shares and partly as RSUs, with some RSUs settled immediately and others subject to future settlement conditions such as a specified date, change-in-control, death, disability, or separation from service. This is a standard governance practice to align director incentives with shareholder value while retaining vesting or settlement schedules that mitigate immediate turnover risk. The filing lists exact quantities, aiding transparency on insider ownership.

Executive Compensation Analyst

TL;DR: The filing documents election to receive equity in lieu of cash and shows fully vested awards and future-settlement RSUs; compensation structure is equity-heavy.

The reporting person elected to take partial quarterly cash compensation as RSUs. One prior RSU award from 2024 was settled into 2,595 shares; a new grant of 6,111 RSUs was issued and is fully vested. Several RSU grants include deferred settlement provisions to December 15, 2027 or contingent events. The explicit quantities and exercise/settlement terms provided allow assessment of dilution timing and director equity exposure without additional assumptions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cornelli Francesca

(Last) (First) (Middle)

C/O GCM GROSVENOR INC.

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO IL 60611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GCM Grosvenor Inc. [ GCMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/30/2025		M(1)		2,595	A	(2)	36,314	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	09/30/2025		M(1)			2,595	(1)	(1)	Class A Common Stock	2,595	$0	13,216	D
Restricted Stock Units	(2)	09/30/2025		A		6,111		(3)	(3)	Class A Common Stock	6,111	$12.07	19,327(3)	D

Explanation of Responses:

1. This award of Restricted Stock Units ("RSUs") was granted on September 30, 2024 pursuant to the Issuer's Amended and Restated 2020 Incentive Award Plan, in lieu of partial quarterly cash compensation at the election of the Reporting Person, and was fully vested as of the date of grant. 2,595 shares of Class A Common Stock of the Issuer were delivered to the Reporting Person in settlement of this award on September 30, 2025.

2. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer.

3. An award of 6,111 RSUs was granted on September 30, 2025 pursuant to the Issuer's Amended and Restated 2020 Incentive Award Plan, in lieu of quarterly cash compensation at the election of the Reporting Person, and is fully vested as of the date of grant. For 6,111 RSUs granted on September 30, 2025, 6,380 RSUs granted on June 30, 2025 and 4,441 RSUs granted on March 31, 2025, shares of Class A Common Stock in settlement of vested RSUs will be delivered upon the earliest to occur of December 15, 2027, a "change in control event" of the Issuer or the Reporting Person's death or disability. For 2,395 RSUs granted on December 31, 2024, shares of Class A Common Stock in settlement of vested RSUs will be delivered upon the earliest to occur of the anniversary of the grant, the Reporting Person's "separation from service" from the Issuer, a "change in control event" of the Issuer or the Reporting Person's death or disability.

Remarks:

	/s/ Burke Montgomery, Attorney-in-Fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did GCMG director Francesca Cornelli receive according to the Form 4?

The Form 4 reports delivery of 2,595 Class A shares in settlement of a vested RSU and a grant of 6,111 RSUs on September 30, 2025.

How many Class A shares did Cornelli own after the reported non-derivative transaction?

Following the non-derivative transaction the filing reports beneficial ownership of 36,314 shares of Class A common stock.

Are the RSUs immediately payable or deferred?

Some RSUs were delivered immediately (2,595 shares), while other RSUs list deferred settlement triggers such as December 15, 2027, a change-in-control, death/disability, or separation from service.

What are the reported underlying-share figures for derivative holdings?

The derivative section reports beneficial ownership figures of 13,216 and 19,327 shares underlying RSUs after the reported transactions.

Was the Form 4 filed individually or jointly and who signed it?

The form was filed by one reporting person and was signed by Burke Montgomery, Attorney-in-Fact on behalf of the reporting person on October 1, 2025.