Thomas Michael Sipp, Och-Ziff Capital Management Group LLC's Chief Financial Officer, just received 31,070 restricted shares from the company. The restricted shares don't become available to Sipp until such time as they become vested. Sipp now owns at least 3,060,481 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 May 3, 2018. The Class A Restricted
Share Units vest, subject to certain limited exceptions, in equal installments on May 3, 2019, May 3, 2020 and May 3, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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