MC Form 4: Thorold Barker issued 1,614.38 dividend-equivalent RSUs

Rhea-AI Filing Summary

Thorold Barker, a director of Moelis & Co (MC), received 2025 Annual Restricted Stock Units totaling 1,614.38 units on 09/18/2025. The Form 4 shows these RSUs were issued as dividend equivalents on underlying Annual RSUs granted July 14, 2025, and will vest concurrently with those underlying awards. Each RSU represents the right to receive one share of Class A common stock. The reported grant lists a price of $13.38 and the filing was signed by an attorney-in-fact on 09/19/2025.

Positive

• 1,614.38 RSUs issued to a director as dividend equivalents, preserving alignment between insider compensation and shareholders
• RSUs vest concurrently with underlying July 14, 2025 awards, indicating standard compensation treatment

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received dividend-equivalent RSUs equal to 1,614.38 shares, aligning compensation with shareholder outcomes.

The Form 4 documents a non-cash issuance of 1,614.38 RSUs to Thorold Barker dated 09/18/2025, recorded at a unit price of $13.38. As these RSUs are dividend equivalents that vest with underlying awards, the grant preserves existing incentive alignment without immediate share dilution. For investors, this is a routine insider compensation disclosure rather than an operational event; it affects potential future share issuance when RSUs vest.

Corporate Governance Expert

TL;DR: Routine director compensation disclosure; timing and dividend-equivalent treatment are standard governance practices.

The filing indicates the 2025 Annual RSUs were issued as dividend equivalents on previously granted annual RSUs (issued July 14, 2025) and will vest concurrently. This suggests adherence to the company’s equity compensation plan and customary treatment of dividends on unvested awards. The signature by an attorney-in-fact on 09/19/2025 completes required Section 16 reporting obligations. No governance red flags are apparent from the disclosed items alone.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Barker Thorold

Role Director

Type	Security	Shares	Price	Value
Grant/Award	2025 Annual Restricted Stock Units	13.38	$0.00	--

Holdings After Transaction: 2025 Annual Restricted Stock Units — 1,614.38 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents the right to receive one share of Class A Common Stock. 2025 Annual RSUs were issued as dividend equivalents on holder's underlying Annual RSUs issued on July 14, 2025. The dividend equivalent Annual RSUs will vest concurrently with the vesting of the underlying Annual RSUs.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Barker Thorold

(Last) (First) (Middle)

399 PARK AVE

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Moelis & Co [ MC ]

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)
09/18/2025

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
2025 Annual Restricted Stock Units	09/18/2025		A		13.38	A	(1)(2)	1,614.38	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

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents the right to receive one share of Class A Common Stock.

2. 2025 Annual RSUs were issued as dividend equivalents on holder's underlying Annual RSUs issued on July 14, 2025. The dividend equivalent Annual RSUs will vest concurrently with the vesting of the underlying Annual RSUs.

	/s/ Osamu Watanabe as attorney-in-fact for Thorold Barker	09/19/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Thorold Barker report on the Form 4 for Moelis & Co (MC)?

The Form 4 reports an acquisition of 1,614.38 2025 Annual Restricted Stock Units dated 09/18/2025, filed 09/19/2025.

Are the RSUs immediate shares or future awards for MC insider Thorold Barker?

Each RSU represents the right to receive one share of Class A common stock and are dividend equivalents that will vest concurrently with the underlying annual RSUs.

What price is shown on the Form 4 for the reported RSUs?

The filing lists a price of $13.38 associated with the reported 2025 Annual RSUs.

Who signed the Form 4 for Thorold Barker and when was it filed?

The Form 4 was signed by Osamu Watanabe as attorney-in-fact for Thorold Barker and dated 09/19/2025.