Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BGC | Class A Common Stock, par value $0.01 per share | Award | +36.7K | 36.7K | Jul 1, 2023 | Direct | F1, F2 |
Id | Content |
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F1 | On July 1, 2023, BGC Partners, Inc. ("BGC Partners"), along with certain other affiliated entities, completed its corporate conversion (the "Corporate Conversion") pursuant to the Corporate Conversion Agreement, dated as of November 15, 2022, as amended as of March 29, 2023. Upon completion of the Corporate Conversion, BGC Partners became a wholly owned subsidiary of its new public holding company, BGC Group, Inc. ("BGC Group"), and each share of BGC Partners Class A common stock, par value $0.01 per share, outstanding as of immediately prior to the Corporate Conversion was converted into one share of BGC Group Class A common stock, par value $0.01 per share ("Class A Common Stock"), in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. The transactions reported herein were approved by the Board of Directors of BGC Group and the Compensation Committee thereof. |
F2 | Includes 25,005 restricted stock units ("RSUs") granted pursuant to the BGC Group, Inc. Long Term Incentive Plan representing contingent shares of Class A Common Stock, of which (i) 6,631 RSUs will vest on December 30, 2023, (ii) 6,632 RSUs will vest on December 30, 2024, (iii) 5,331 RSUs will vest on November 22, 2023, and (iv) 6,411 RSUs will vest on October 5, 2023, in each case provided that the reporting person continues to serve as a member of the Board of Directors of BGC Group on such dates. |