David J. Campbell
About David J. Campbell
David J. Campbell is General Counsel and Secretary at Silvercrest Asset Management Group Inc. (SAMG). He has served as General Counsel of SAMG LLC since 2009, bringing over two decades of financial services legal experience; his education includes a B.A. from The George Washington University and a J.D. from Villanova University School of Law . As of 2025, his age is disclosed as 56 (55 in 2024), and he is a non-director executive officer elected by and serving at the discretion of the Board . The company links compensation to firm performance using metrics including Adjusted Diluted EPS, Revenue, Adjusted EBITDA, Adjusted EBITDA %, and Discretionary Assets Under Management, alongside qualitative factors .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Jefferies & Company, Inc. | Managing Director and Associate General Counsel | 2006–2009 | Senior legal counsel supporting a broker-dealer; oversight of legal risk and compliance in institutional equities context |
| Bressler, Amery & Ross, P.C. | Partner | From 2001 (end date not disclosed) | Private practice partner; securities and financial services advisory |
| DLJ Securities Corporation | Senior Vice President | Prior to 2001 (dates not disclosed) | Legal counsel to DLJ’s Pershing Division, Investment Services Group, and DLJdirect |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed | — | — | Proxy biographies list no external public company board roles for Campbell; he is a non-director executive officer at SAMG |
Fixed Compensation
| Metric ($USD) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Base Salary | $375,000 | $375,000 | $375,000 |
| All Other Compensation | $13,216 | $11,894 | $14,341 |
- Annual cash bonus for Campbell is discretionary (no target bonus % disclosed); determination considers individual and company-wide performance variables and qualitative factors .
Performance Compensation
Annual Cash Bonus
| Metric ($USD) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Annual Cash Bonus Paid | $793,265 | $793,265 | $874,574 |
For Campbell, annual bonus awards are strictly discretionary; no explicit weights, targets, or payout formulas are disclosed .
Equity Grants (RSUs)
| Grant Date | RSUs (#) | Grant-Date Fair Value ($) | Vesting Schedule |
|---|---|---|---|
| 4/3/2023 | 2,182 | $39,669 | 25% on each of the first four anniversaries of grant |
| 5/1/2024 | 2,707 | $39,663 | 25% on each of the first four anniversaries of grant |
- Company-wide RSU policy: grants vest 25% annually over four years; RSUs settle in the form of Class B units of Silvercrest L.P., with distributions paid as if units were issued at grant .
Outstanding RSUs and Vesting Schedules (Year-End)
| Year-End | Unvested RSU Group | Units (#) | Vesting Details |
|---|---|---|---|
| 12/31/2023 | 2023 RSU grant | 2,182 | Vests in four equal installments on April 3, 2024, 2025, 2026, 2027 |
| 12/31/2023 | Prior RSU grant | 899 | Vests on May 3, 2024 and May 3, 2025 |
| 12/31/2024 | 2024 RSU grant | 2,707 | Vests in four equal installments on May 1, 2025, 2026, 2027, 2028 |
| 12/31/2024 | 2023 RSU grant tranche | 1,637 | Vests on April 3, 2025, 2026, 2027 |
| 12/31/2024 | Prior RSU grant tranche | 449 | Vests on May 3, 2025 |
Options
| Year | Options Granted (#) | Options Outstanding (#) | Notes |
|---|---|---|---|
| 2023 | — | — (no Campbell entries in option table) | No option awards for Campbell in 2023 |
| 2024 | — | — (no Campbell entries in option table) | No option awards for Campbell in 2024 |
Stock Vested During Year
| Metric | 2023 | 2024 |
|---|---|---|
| Units Vested (#) | 449 | 995 |
| Realized Value ($) | $8,051 | $14,782 |
Equity Ownership & Alignment
| Ownership Measure | Value |
|---|---|
| Profits Percentage (fully diluted) | 0.02% |
| 2023 Profits Earned ($) | $1,490 |
| Equity Balance as of 12/31/2023 ($) | $52,369 (combined vested/unvested RSUs and non-qualified stock option account balances payable upon death/disability termination assumption) |
- Hedging/short sales policy: The company prohibits short sales and derivatives transactions in Company securities for all directors and officers, reducing misalignment risk from hedging .
- Principals collectively hold meaningful indirect interests in Silvercrest L.P. (approximately 33% as of April 4, 2024; 30.2% as of April 4, 2025), aligning senior professionals with firm outcomes .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment Agreement | Company has not entered into employment agreements with Campbell; only Hough and Gray have agreements |
| Bonus Structure | Discretionary annual cash bonus; no fixed target % or formula disclosed |
| RSU Treatment | RSUs vest 25% annually over four years; RSUs entitle holder to L.P. distributions as if units were issued at grant |
| Termination/Change-in-Control | Proxy notes RSUs may vest in certain circumstances upon termination or change in control; specific severance/COC economics for Campbell are not disclosed (detailed provisions are disclosed for Gray) |
| Pension/SERP | Company does not sponsor pension or nonqualified deferred compensation plans |
| Hedging Policy | Short sales and derivatives transactions prohibited for directors and officers |
Investment Implications
- Pay mix emphasizes discretionary cash bonuses with relatively modest RSU grants and no options for Campbell, limiting explicit pay-for-performance formula transparency but providing ongoing equity vesting and L.P. profit distributions for alignment .
- Scheduled RSU vests across 2025–2028 (2,707 units over four years, plus tranches of 1,637 and 449 units in 2025–2027) indicate measured future equity delivery; realized values on vesting have been modest ($8,051 in 2023; $14,782 in 2024), suggesting limited insider selling pressure from Campbell’s awards to date .
- No individual employment agreement or disclosed severance/change-in-control multiples for Campbell reduces contractual payout uncertainty; combined with the company-wide prohibition on hedging/derivatives, governance signals favor alignment, though the discretionary nature of bonuses reduces metric-driven clarity for investors .
- Long tenure since 2009 as General Counsel supports institutional knowledge and continuity; continued equity vesting and profits interest (0.02% fully diluted; $52,369 equity balance at year-end 2023) provide ongoing retention incentives aligned with firm performance .