David Michael Levine, Och-Ziff Capital Management Group LLC's Chief Legal Officer, just received 2,873 restricted shares from the company. The restricted shares don't become available to Levine until such time as they become vested. Levine now owns at least 295,949 restricted shares of the company.
Some additional info was provided as follows:
Each Class A Restricted Share Unit represents, at the election of the administrator of the applicable plan (currently the Issuer's Compensation Committee), a right to receive one of the Issuer's Class A Shares or the cash value thereof, upon the vesting date.
The Class A Restricted Share Units are dividend equivalents accrued on the outstanding Class A Restricted Share Units granted on January 23, 2017. The Class A Restric
ted Share Units vest, subject to certain limited exceptions, as follows: 137 on August 14, 2018; 252 on September 14, 2018; 751 on March 1, 2019; 252 on September 13, 2019; 751 on March 2, 2020; 252 on September 14, 2020; and 478 on March 1, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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