Form 4 for PWP Perella Weinberg Partners
Accepted 2024-09-04 00:00:00 ET · period of report 2024-08-31 · accession 0001777835-24-000155 · 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 | 2024-09-04 | 2024-09-03 | PWP | Becker Dietrich | Pres, Dir | F - Tax | $19.55 | -288.6K | 745.7K | -28% | -$5.64M |
| D | 2024-09-04 | 2024-08-31 | PWP | Becker Dietrich | Pres, Dir | M - OptEx | $0.00 | +614.1K | 1.03M | +146% | $0 |
| D | 2024-09-04 | 2024-08-31 | PWP | Becker Dietrich | Pres, Dir | M - OptEx | $0.00 | -614.1K | 1.74M | -26% | $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 | 2024-09-03 | F | D | 288,606 | $19.55 | 745,742 | D | — | — | (F1) Represents deemed disposition of shares of Class A common stock to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. |
| 2 | Common | Class A Common Stock | 2024-08-31 | M | A | 614,055 | $0.00 | 1,034,348 | D | — | — | |
| 3 | Derivative | Performance-Based Stock Units | 2024-08-31 | M | D | 614,055 | $0.00 | 1,735,945 | D | — · — to — | 614,055 Class A Common Stock | (F2) Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock. (F3) These PSUs vested on August 31, 2024, upon the achievement of certain service-based and performance-based vesting conditions. (F4) The PSUs granted on August 31, 2021 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. |