Form 4: MC Insider Eric Cantor Credited Dividend-Equivalent RSUs
Rhea-AI Filing Summary
Eric Cantor, Vice Chairman and Director of Moelis & Co (MC), received dividend-equivalent Restricted Stock Units (RSUs) that increased his beneficial ownership on 09/18/2025. The Form 4 shows grant-like entries for dividend-equivalent Incentive RSUs tied to prior award years 2020 through 2024 and for 2024 Long Term Incentive RSUs. Reported incremental amounts include 60.74, 114.54, 215.48, 221.02, 130.81 and 54.5 units respectively, with resulting beneficial ownership totals shown as 7,325.74, 13,815.16, 25,990.31, 26,658.28, 15,777.26 and 6,573 for each corresponding award line. Each RSU represents the right to receive either a share of Class A common stock or cash equal to its fair market value, and the dividend-equivalent RSUs will vest concurrent with the underlying unvested awards.
Positive
- Beneficial ownership increased through issuance of dividend-equivalent RSUs across multiple award vintages on 09/18/2025.
- Dividend-equivalent RSUs vest with underlying awards, preserving original vesting schedules and alignment with long-term incentives.
Negative
- None.
Insights
TL;DR: Insider received dividend-equivalent RSUs that modestly increase holdings; transactions are routine compensation adjustments.
The Form 4 documents dividend-equivalent Restricted Stock Units credited on 09/18/2025 to Eric Cantor, reflecting additional units tied to previously granted incentive awards from 2020 through 2024 and a 2024 long-term incentive award. These entries are recorded as acquisitions (code A) with zero cash price, consistent with stock-unit dividend equivalents rather than market purchases. For investors, this is a governance/compensation disclosure rather than a market-moving directional trade; it increases reported beneficial ownership but does not indicate cash purchase or sale.
TL;DR: The filing records routine dividend-equivalent accruals that vest with underlying awards; no exercise or sales activity is reported.
The detailed explanation states each Restricted Stock Unit entitles the holder to a share or cash equal to fair market value and that the dividend equivalents vest concurrently with their underlying unvested awards. Multiple award vintages are affected and ownership totals per award line are provided, implying administrative crediting of units. This is a standard plan administration event, relevant for disclosure of director/officer compensation timing but not indicative of altered incentive alignment beyond the existing award terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2020 Incentive RSUs | 60.74 | $0.00 | -- |
| Grant/Award | 2021 Incentive RSUs | 114.54 | $0.00 | -- |
| Grant/Award | 2022 Incentive RSUs | 215.48 | $0.00 | -- |
| Grant/Award | 2023 Incentive RSUs | 221.02 | $0.00 | -- |
| Grant/Award | 2024 Incentive RSUs | 130.81 | $0.00 | -- |
| Grant/Award | 2024 Long Term Incentive RSUs | 54.5 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit 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. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 19, 2021 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 17, 2022 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs. Incentive RSUs were issued as dividend equivalents on holder's unvested underlying Incentive RSUs issued on February 16, 2023 (and dividend equivalents subsequently issued thereon). The dividend equivalent Incentive RSUs will vest concurrently with the vesting of the unvested underlying Incentive RSUs. 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 Incentive RSUs will vest concurrently with the vesting of the unvested underlying 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.
