David Wyles - Feb 6, 2023 Form 4 Insider Report for GREENHILL & CO INC (GHL)

Role: President
Signature: /s/ Harold J. Rodriguez, Jr., Attorney-in-Fact for David A. Wyles
Stock symbol: GHL
Transactions as of: Feb 6, 2023
Transactions value $: -$713,026
Form type: 4
Date filed: 2/9/2023, 06:16 AM
Previous filing: Nov 9, 2022
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GHL	Common Stock	Options Exercise	$283K	+20.4K	+50.25%	$13.85	61.1K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Tax liability	-$133K	-9.6K	-15.72%	$13.85	51.5K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Options Exercise	$204K	+14.7K	+28.61%	$13.85	66.2K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Tax liability	-$95.9K	-6.92K	-10.46%	$13.85	59.3K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Options Exercise	$873K	+63K	+106.3%	$13.85	122K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Tax liability	-$410K	-29.6K	-24.22%	$13.85	92.7K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Options Exercise	$157K	+11.4K	+12.24%	$13.85	104K	Feb 6, 2023	Direct
transaction	GHL	Common Stock	Tax liability	-$73.9K	-5.34K	-5.13%	$13.85	98.7K	Feb 6, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GHL	Restricted Stock Units	Options Exercise	-$283K	-20.4K	-100%	$13.85	0	Feb 6, 2023	Common Stock	20.4K		Direct	F1
transaction	GHL	Restricted Stock Units	Options Exercise	-$204K	-14.7K	-50%	$13.85	14.7K	Feb 6, 2023	Common Stock	14.7K		Direct	F2
transaction	GHL	Restricted Stock Units	Options Exercise	-$873K	-63K	-33.33%	$13.85	126K	Feb 6, 2023	Common Stock	63K		Direct	F3
transaction	GHL	Restricted Stock Units	Options Exercise	-$157K	-11.4K	-25%	$13.85	34.1K	Feb 6, 2023	Common Stock	11.4K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This restricted stock unit award was granted on February 5, 2019 under the Greenhill & Co., Inc. Equity Incentive Plan. The units comprising the award vest in equal increments on each of the first, second, third and fourth anniversaries of the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 6, 2023, the fourth vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F2	This restricted stock unit award was granted on March 12, 2020 under the Greenhill & Co., Inc. 2019 Equity Incentive Plan. The units comprising the award vest in equal increments on January 1 of each of the first, second, third and fourth calendar years following the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 6, 2023, the third vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F3	This restricted stock unit award was granted on February 3, 2021 under the Greenhill & Co., Inc. 2019 Equity Incentive Plan. The units comprising the award vest in equal increments on January 1 of each of the first, second, third and fourth calendar years following the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 6, 2023, the second vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F4	This restricted stock unit award was granted on February 1, 2022 under the Greenhill & Co., Inc. 2019 Equity Incentive Plan. The units comprising the award vest in equal increments on January 1 of each of the first, second, third and fourth calendar years following the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 6, 2023, the first vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.