MOELIS & CO, DEF 14A filed on 4/30/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name MOELIS & COMPANY
Entity Central Index Key 0001596967
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
The following disclosures provide information on the compensation of our CEO and other NEOs, each as calculated in accordance with SEC rules, and in comparison to certain metrics of the Company and our peer group.
The calculation of “Compensation Actually Paid to CEO” and “Average Compensation Actually Paid to
non-CEO
NEOs” is not reflective of how the Compensation Committee assesses executive officer compensation. Equity-based awards included in the below presentation are based on the grant date
instead of the associated performance year. In addition, the values of equity awards may not reflect actual economic benefit that will be received due to uncertain market value and vesting schedules, among other factors. Due to our leadership transition in 2025, Compensation Actually Paid to our CEO in 2025 includes compensation actually paid to both Mr. Moelis, who served as CEO through September 30, 2025, and Mr. Mahmoodzadegan, who became CEO effective October 1, 2025. Accordingly, Mr. Mahmoodzadegan is removed from the
non-CEO
NEOs calculation for 2025.
2025 Pay Versus Performance Table
 
               
 Year
(1)
 
  
 
 
Summary
Compensation
Table Total for
CEO
($)
  
 
Compensation
Actually Paid
to CEO
(2)

($)
  
 
 
Average
Summary
 Compensation 
Table Total
for
non-CEO

NEOs
($)
 
  
 
Average
 Compensation 
Actually
Paid to
non-CEO

NEOs
(2)

($)
 
  
 
Value of Initial Fixed
$100 Investment
Based On
  
 
Net Income
(in
 thousands) 
($)
 
  
 
Adjusted
Revenue
(in
 thousands) 
($)
 
 
 
Ken
Moelis
 
  
 
Navid
 Mahmoodza 
degan
 
  
 
Ken
Moelis
 
  
 
Navid
 Mahmoodza 
degan
 
  
 
MC Total
 Shareholder 
Return
($)
  
 
Peer Group
Total
 Shareholder 
Return
(3)

($)
                   
2025
  
35,168,297
  
42,846,376
  
38,061,779
  
49,373,665
  
2,197,257
  
2,323,357
  
191
  
203
  
259,617
  
1,535,888
                   
2024
  
7,621,008
    
 
  
18,729,431
    
 
  
5,036,667
  
9,498,311
  
205
  
177
  
151,491
  
1,201,520
                   
2023
  
7,878,846
    
 
  
22,107,303
    
 
  
5,859,692
  
10,710,298
  
150
  
135
  
(27,516)
  
860,085
                   
2022
  
19,223,262
    
 
  
7,528,921
    
 
  
6,854,413
  
1,666,534
  
97
  
121
  
168,682
  
970,195
                   
2021
  
14,358,959
  
 
  
24,392,175
  
 
  
9,707,758
  
14,853,476
  
149
  
135
  
422,978
  
1,557,997
 
(1)
For fiscal years 2021 and 2022, the CEO was Kenneth Moelis and the
non-CEO
NEOs were Navid Mahmoodzadegan, Jeffrey Raich, Elizabeth Crain, and Joseph Simon. For fiscal years 2023 and 2024 the CEO was Kenneth Moelis and the
non-CEO
NEOs were Navid Mahmoodzadegan, Jeffrey Raich, Joseph Simon and Katherine Pilcher Ciafone. For fiscal year 2025 Navid Mahmoodzadegan succeeded Ken Moelis as the CEO and the
non-CEO
NEOs were Jeffrey Raich, Christopher Callesano, Katherine Pilcher Ciafone and Joseph Simon.
 
(2)
Amounts in this column are calculated in accordance with Item 402(v) of Regulation
S-K.
The following table details the adjustments prescribed by Item 402(v) to the “Summary Compensation Table” totals to determine the “Compensation Actually Paid” amounts. For the avoidance of doubt, no equity awards were cancelled due to a failure to meet vesting conditions during the years identified. In addition, all amounts presented below for
“Non-CEO
NEOs” are averages of the
non-CEO
NEO group.
 
 
                   
Year
  
Executive(s)
  
Summary
Compensation
Table Total
($)
  
Deduct:
Stock
Awards
($)
  
Add: Year-
end Value of
Unvested
Equity Awards
Granted
During Year
($)(i)
  
Increase/
(Decrease) in
Value of
Unvested
Equity Awards
Granted in
Prior Years
($)(i)
  
Add: Value of
Equity Awards
Granted and
Vested During
Year
($)(i)
  
Increase/
(Decrease) in
Value of Equity
Awards Granted
in Prior Years
Which Vested
During Year
($)(i)
  
Add:
Dividends
($)(i)
  
Total
(Compensation
Actually Paid)
($)
                 
2025 
  
CEO (Moelis)
  
35,168,297
  
(34,505,822)
  
21,914,038
  
(1,536,708)
  
15,022,526
  
394,393
  
1,605,055
  
38,061,779
 
CEO
 (Mahmoodzadegan) 
  
42,846,376
  
(34,120,701)
  
26,766,722
  
(2,682,239)
  
13,979,159
  
529,238
  
2,055,110
  
49,373,665
 
Non-CEO NEOs
  
2,197,257
  
(1,214,632)
  
430,570
  
(110,234)
  
887,452
  
53,843
  
79,101
  
2,323,357
 
 
(i)
Our CEO and
non-CEO
NEOs receive a substantial portion of their annual variable incentive compensation in equity, which may consist of RSUs, Deferred LP Units, Restricted LP Units, and/or Performance Units. Each form of equity has its own set of restrictions and vesting conditions, which may result in fluctuations across the components of Compensation Actually Paid for the years identified. See “Executive Compensation—Moelis Annual Equity Awards” and “Executive
Compensation—One-Time
Succession Planning Awards Description” for further details.
 
(3)
The peer group TSR for the identified years consists of the S&P 500 Financials Index and is weighted by market capitalization.
       
Company Selected Measure Name AdjustedRevenue        
Named Executive Officers, Footnote
(1)
For fiscal years 2021 and 2022, the CEO was Kenneth Moelis and the
non-CEO
NEOs were Navid Mahmoodzadegan, Jeffrey Raich, Elizabeth Crain, and Joseph Simon. For fiscal years 2023 and 2024 the CEO was Kenneth Moelis and the
non-CEO
NEOs were Navid Mahmoodzadegan, Jeffrey Raich, Joseph Simon and Katherine Pilcher Ciafone. For fiscal year 2025 Navid Mahmoodzadegan succeeded Ken Moelis as the CEO and the
non-CEO
NEOs were Jeffrey Raich, Christopher Callesano, Katherine Pilcher Ciafone and Joseph Simon.
       
Peer Group Issuers, Footnote The peer group TSR for the identified years consists of the S&P 500 Financials Index and is weighted by market capitalization.        
Adjustment To PEO Compensation, Footnote
(2)
Amounts in this column are calculated in accordance with Item 402(v) of Regulation
S-K.
The following table details the adjustments prescribed by Item 402(v) to the “Summary Compensation Table” totals to determine the “Compensation Actually Paid” amounts. For the avoidance of doubt, no equity awards were cancelled due to a failure to meet vesting conditions during the years identified. In addition, all amounts presented below for
“Non-CEO
NEOs” are averages of the
non-CEO
NEO group.
 
 
                   
Year
  
Executive(s)
  
Summary
Compensation
Table Total
($)
  
Deduct:
Stock
Awards
($)
  
Add: Year-
end Value of
Unvested
Equity Awards
Granted
During Year
($)(i)
  
Increase/
(Decrease) in
Value of
Unvested
Equity Awards
Granted in
Prior Years
($)(i)
  
Add: Value of
Equity Awards
Granted and
Vested During
Year
($)(i)
  
Increase/
(Decrease) in
Value of Equity
Awards Granted
in Prior Years
Which Vested
During Year
($)(i)
  
Add:
Dividends
($)(i)
  
Total
(Compensation
Actually Paid)
($)
                 
2025 
  
CEO (Moelis)
  
35,168,297
  
(34,505,822)
  
21,914,038
  
(1,536,708)
  
15,022,526
  
394,393
  
1,605,055
  
38,061,779
 
CEO
 (Mahmoodzadegan) 
  
42,846,376
  
(34,120,701)
  
26,766,722
  
(2,682,239)
  
13,979,159
  
529,238
  
2,055,110
  
49,373,665
 
Non-CEO NEOs
  
2,197,257
  
(1,214,632)
  
430,570
  
(110,234)
  
887,452
  
53,843
  
79,101
  
2,323,357
        
Non-PEO NEO Average Total Compensation Amount $ 2,197,257 $ 5,036,667 $ 5,859,692 $ 6,854,413 $ 9,707,758
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,323,357 9,498,311 10,710,298 1,666,534 14,853,476
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Amounts in this column are calculated in accordance with Item 402(v) of Regulation
S-K.
The following table details the adjustments prescribed by Item 402(v) to the “Summary Compensation Table” totals to determine the “Compensation Actually Paid” amounts. For the avoidance of doubt, no equity awards were cancelled due to a failure to meet vesting conditions during the years identified. In addition, all amounts presented below for
“Non-CEO
NEOs” are averages of the
non-CEO
NEO group.
 
 
                   
Year
  
Executive(s)
  
Summary
Compensation
Table Total
($)
  
Deduct:
Stock
Awards
($)
  
Add: Year-
end Value of
Unvested
Equity Awards
Granted
During Year
($)(i)
  
Increase/
(Decrease) in
Value of
Unvested
Equity Awards
Granted in
Prior Years
($)(i)
  
Add: Value of
Equity Awards
Granted and
Vested During
Year
($)(i)
  
Increase/
(Decrease) in
Value of Equity
Awards Granted
in Prior Years
Which Vested
During Year
($)(i)
  
Add:
Dividends
($)(i)
  
Total
(Compensation
Actually Paid)
($)
                 
2025 
  
CEO (Moelis)
  
35,168,297
  
(34,505,822)
  
21,914,038
  
(1,536,708)
  
15,022,526
  
394,393
  
1,605,055
  
38,061,779
 
CEO
 (Mahmoodzadegan) 
  
42,846,376
  
(34,120,701)
  
26,766,722
  
(2,682,239)
  
13,979,159
  
529,238
  
2,055,110
  
49,373,665
 
Non-CEO NEOs
  
2,197,257
  
(1,214,632)
  
430,570
  
(110,234)
  
887,452
  
53,843
  
79,101
  
2,323,357
        
Compensation Actually Paid vs. Total Shareholder Return
For fiscal years 2021, 2022 and 2023, Compensation Actually Paid to our CEO and our
non-CEO
NEOs was directionally correlated with Total Shareholder Return (“TSR”). For fiscal year 2024, changes in Compensation Actually Paid were inversely correlated with TSR for both our CEO and our
non-CEO
NEOs. For fiscal year 2025, changes in Compensation Actually Paid to Mr. Moelis and Mr. Mahmoodzadegan were inversely correlated with TSR, while changes in Compensation Actually Paid to our
non-CEO
NEOs were directionally correlated with TSR. Additionally, the Firm’s change in TSR over the past five years reflects a general correlation with that of the S&P 500 Financials Index.
       
Compensation Actually Paid vs. Net Income
For fiscal years 2021 and 2022, changes in Compensation Actually Paid for both our CEO and our
non-CEO
NEOs directionally correlated with changes in net income. For fiscal years 2023 and 2024, changes in Compensation Actually Paid were inversely correlated with changes in net income. For fiscal year 2025, changes in Compensation Actually Paid were directionally correlated with changes in net income for Mr. Moelis and Mr. Mahmoodzadegan and changes in Compensation Actually Paid to our
non-CEO
NEOs were inversely correlated with changes in net income.
       
Compensation Actually Paid vs. Company Selected Measure
For fiscal years 2021 and 2022, changes in Compensation Actually Paid for both our CEO and our
non-CEO
NEOs were directionally correlated with the change in adjusted revenues. For fiscal year 2023 and 2024, changes in Compensation Actually Paid for both our CEO and our
non-CEO
NEOs were inversely correlated with the changes in adjusted revenues. For fiscal year 2025, changes in Compensation Actually Paid were directionally correlated with changes in adjusted revenues for Mr. Moelis and Mr. Mahmoodzadegan and changes in Compensation Actually Paid were inversely correlated with changes in adjusted revenues for our
non-
CEO
NEOs.
       
Total Shareholder Return Vs Peer Group
For fiscal years 2021, 2022 and 2023, Compensation Actually Paid to our CEO and our
non-CEO
NEOs was directionally correlated with Total Shareholder Return (“TSR”). For fiscal year 2024, changes in Compensation Actually Paid were inversely correlated with TSR for both our CEO and our
non-CEO
NEOs. For fiscal year 2025, changes in Compensation Actually Paid to Mr. Moelis and Mr. Mahmoodzadegan were inversely correlated with TSR, while changes in Compensation Actually Paid to our
non-CEO
NEOs were directionally correlated with TSR. Additionally, the Firm’s change in TSR over the past five years reflects a general correlation with that of the S&P 500 Financials Index.
       
Tabular List, Table
List of Performance Measures
While the Committee takes into account each of the measures in our compensation framework in a holistic manner to evaluate executive compensation of Firm performance (without ascribing any specific weight to any single factor or metric), the below measures from the compensation framework have been selected as they represent those Firmwide financial performance measures that are assessed every year on an annual and multi-year basis.
 
 
Performance Measures
Adjusted Revenues
Adjusted Net Income
Operating Margin
TSR
        
Total Shareholder Return Amount $ 191 205 150 97 149
Peer Group Total Shareholder Return Amount 203 177 135 121 135
Net Income (Loss) $ 259,617,000 $ 151,491,000 $ (27,516,000) $ 168,682,000 $ 422,978,000
Company Selected Measure Amount 1,535,888,000 1,201,520,000 860,085,000 970,195,000 1,557,997,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Revenues        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Net Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Operating Margin        
Measure:: 4          
Pay vs Performance Disclosure          
Name TSR        
Kenneth Moelis [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 35,168,297 $ 7,621,008 $ 7,878,846 $ 19,223,262 $ 14,358,959
PEO Actually Paid Compensation Amount $ 38,061,779 $ 18,729,431 $ 22,107,303 $ 7,528,921 $ 24,392,175
PEO Name Ken Moelis Kenneth Moelis Kenneth Moelis Kenneth Moelis Kenneth Moelis
Navid Mahmoodzadegan [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 42,846,376        
PEO Actually Paid Compensation Amount $ 49,373,665        
PEO Name Navid Mahmoodzadegan        
PEO | Kenneth Moelis [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (34,505,822)        
PEO | Kenneth Moelis [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 21,914,038        
PEO | Kenneth Moelis [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,536,708)        
PEO | Kenneth Moelis [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 15,022,526        
PEO | Kenneth Moelis [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 394,393        
PEO | Kenneth Moelis [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,605,055        
PEO | Navid Mahmoodzadegan [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (34,120,701)        
PEO | Navid Mahmoodzadegan [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 26,766,722        
PEO | Navid Mahmoodzadegan [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,682,239)        
PEO | Navid Mahmoodzadegan [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,979,159        
PEO | Navid Mahmoodzadegan [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 529,238        
PEO | Navid Mahmoodzadegan [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,055,110        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,214,632)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 430,570        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (110,234)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 887,452        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 53,843        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 79,101        
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Grant Policies and Practices
We do not currently grant equity incentive awards in the form of stock options, stock appreciation rights, or similar option-like instruments. As such, we do not currently have any policies or practices in place with respect to the timing of such awards in relation to the disclosure of material
non-public
information.
Award Timing, How MNPI Considered We do not currently grant equity incentive awards in the form of stock options, stock appreciation rights, or similar option-like instruments. As such, we do not currently have any policies or practices in place with respect to the timing of such awards in relation to the disclosure of material
non-public
information.
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true