Dividend-equivalent RSUs boost Moelis (MC) accounting officer awards

Rhea-AI Filing Summary

Riehl Nick reported acquisition or exercise transactions in this Form 4 filing.

Moelis & Co Principal Accounting Officer Nick Riehl reported receiving five small grants of dividend-equivalent Restricted Stock Units (RSUs) tied to existing incentive awards. In total, he was granted 36.8 RSUs that each represent the right to receive either a share of Class A common stock or cash equal to its market value upon settlement.

The RSUs relate to prior Incentive and Long Term Incentive RSUs issued in February 2024 and February 2025, as well as Incentive and Special Incentive RSUs issued in February 2026. These dividend-equivalent RSUs will vest on the same schedule as the underlying unvested RSUs, reflecting routine compensation rather than any open-market stock purchases or sales.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Riehl Nick

Role Principal Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	2023 Long Term Incentive RSUs	11.59	$0.00	--
Grant/Award	2024 Incentive RSUs	2.2	$0.00	--
Grant/Award	2024 Long Term Incentive RSUs	3.88	$0.00	--
Grant/Award	2025 Incentive RSUs	10.99	$0.00	--
Grant/Award	2025 Special Incentive RSUs	8.14	$0.00	--

Holdings After Transaction: 2023 Long Term Incentive RSUs — 1,000.18 shares (Direct); 2024 Incentive RSUs — 189.6 shares (Direct); 2024 Long Term Incentive RSUs — 334.97 shares (Direct); 2025 Incentive RSUs — 947.99 shares (Direct); 2025 Special Incentive RSUs — 702.14 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents the right to receive upon settlement either, at Moelis & Company's option, a share of Class A common stock or an amount of cash equal to the fair market value of such share. Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 15, 2024 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs. Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs. Special Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.

Key Figures

Total RSUs granted: 36.8 RSUs 2023 Long Term Incentive RSUs granted: 11.59 RSUs 2024 Incentive RSUs granted: 2.2 RSUs +3 more

6 metrics

Total RSUs granted 36.8 RSUs Aggregate of five dividend-equivalent RSU awards on March 26, 2026

2023 Long Term Incentive RSUs granted 11.59 RSUs Dividend-equivalent Long Term Incentive RSUs linked to February 15, 2024 award

2024 Incentive RSUs granted 2.2 RSUs Dividend-equivalent Incentive RSUs linked to February 13, 2025 award

2024 Long Term Incentive RSUs granted 3.88 RSUs Dividend-equivalent Long Term Incentive RSUs linked to February 13, 2025 award

2025 Incentive RSUs granted 10.99 RSUs Dividend-equivalent Incentive RSUs linked to February 12, 2026 award

2025 Special Incentive RSUs granted 8.14 RSUs Dividend-equivalent Special Incentive RSUs linked to February 12, 2026 award

Key Terms

Restricted Stock Unit (RSU), dividend equivalents, Long Term Incentive RSUs, Incentive RSUs, +1 more

5 terms

Restricted Stock Unit (RSU) financial

"Each Restricted Stock Unit (RSU) represents the right to receive upon settlement either..."

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

dividend equivalents financial

"Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs..."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Long Term Incentive RSUs financial

"Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs..."

Incentive RSUs financial

"Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs..."

Special Incentive RSUs financial

"Special Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive 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
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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^*

Riehl Nick

(Last) (First) (Middle)

399 PARK AVE

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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

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

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

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

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
2023 Long Term Incentive RSUs	$0(1)	03/26/2026		A		11.59		(2)	(2)	Class A Common Stock	11.59	$0	1,000.18	D
2024 Incentive RSUs	$0(1)	03/26/2026		A		2.2		(3)	(3)	Class A Common Stock	2.2	$0	189.6	D
2024 Long Term Incentive RSUs	$0(1)	03/26/2026		A		3.88		(4)	(4)	Class A Common Stock	3.88	$0	334.97	D
2025 Incentive RSUs	$0(1)	03/26/2026		A		10.99		(5)	(5)	Class A Common Stock	10.99	$0	947.99	D
2025 Special Incentive RSUs	$0(1)	03/26/2026		A		8.14		(6)	(6)	Class A Common Stock	8.14	$0	702.14	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents the right to receive upon settlement either, at Moelis & Company's option, a share of Class A common stock or an amount of cash equal to the fair market value of such share.

2. Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 15, 2024 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs.

3. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.

4. Long Term Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 13, 2025 (and dividend equivalents subsequently issued thereon). The dividend equivalent Long Term Incentive RSUs will vest concurrently with the vesting of the unvested underlying Long Term Incentive RSUs.

5. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.

6. Special Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 12, 2026 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs.

	/s/ Osamu Watanabe as attorney-in-fact for Nick Riehl	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Moelis & Co (MC) officer Nick Riehl report in this Form 4?

He reported receiving five small grants of dividend-equivalent RSUs, totaling 36.8 units. These awards are part of his existing incentive compensation and do not involve any open-market purchases or sales of Moelis & Co Class A common stock.

How many RSUs did Nick Riehl receive according to the Moelis (MC) filing?

He received 36.8 dividend-equivalent RSUs across five awards, including 11.59 2023 Long Term Incentive RSUs and 10.99 2025 Incentive RSUs. Each RSU can settle in either a Class A share or cash equal to that share’s fair market value.

Are there any Moelis & Co (MC) stock sales or purchases in this Form 4?

No. The filing shows only grant-type transactions coded “A” for acquisition of RSU awards. These are non-cash, compensation-related grants and do not reflect open-market buying or selling of Moelis & Co Class A common stock by the reporting officer.

What are dividend-equivalent RSUs in the Moelis (MC) disclosure?

Dividend-equivalent RSUs are additional units issued to mirror dividends on unvested RSUs. In this case, they were granted on existing Incentive and Long Term Incentive RSUs and will vest at the same time as the underlying unvested RSUs tied to prior grant dates.

How do these Moelis (MC) RSU grants vest for Nick Riehl?

The dividend-equivalent RSUs will vest concurrently with the underlying unvested Incentive or Long Term Incentive RSUs from February 2024, February 2025, and February 2026 awards. This means the extra units follow the same vesting schedule as the original incentive grants.

Does this Moelis & Co (MC) Form 4 change Nick Riehl’s ownership significantly?

The filing reflects small additions of RSUs, with 36.8 new dividend-equivalent units spread across existing award programs. These are routine incentive-related adjustments and do not indicate a large shift in his equity exposure or any notable change in ownership strategy.