Form 4 for PWP Perella Weinberg Partners
Accepted 2023-08-04 00:00:00 ET · period of report 2023-08-02 · accession 0001777835-23-000114 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-04 | 2023-08-02 | PWP | Weinberg Peter A | COB, Dir | A - Grant | $0.00 | +1.65M | 2.06M | +403% | $0 |
| D | 2023-08-04 | 2023-08-02 | PWP | Weinberg Peter A | COB, Dir | D - Sale to Iss | $0.00 | -1.65M | 1.65M | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-08-02 | A | A | 1,650,000 | $0.00 | 2,058,926 | D | — | — | |
| 2 | Derivative | Performance-Based Stock Units | 2023-08-02 | D | D | 1,650,000 | $0.00 | 1,650,000 | D | — · — to — | 1,650,000 Class A Common Stock | (F3) Each PSU represents a contingent right to receive one share of Class A common stock. PSUs vest based on the achievement of (i) service-based vesting conditions that are satisfied in two equal installments on the third and fifth anniversaries of the grant date, subject to a 50% holdback after the first vesting date, and (ii) performance-based vesting conditions that are satisfied upon the achievement, as measured on the last calendar day of each month, of closing stock prices equal to $15, $20, $25 and $30 (subject to linear interpolation) for 20 out of any 30 consecutive trading days, in each case prior to the fifth anniversary of the grant date. |