Form 4 for PWP Perella Weinberg Partners
Accepted 2024-10-02 00:00:00 ET · period of report 2024-09-30 · accession 0001777835-24-000167 · 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 | 2024-10-02 | 2024-09-30 | PWP | Bednar Andrew | CEO, Dir | M - OptEx | $0.00 | +48.5K | 845.0K | +6% | $0 |
| D | 2024-10-02 | 2024-09-30 | PWP | Bednar Andrew | CEO, Dir | F - Tax | $19.31 | -24.8K | 820.3K | -3% | -$478.4K |
| D | 2024-10-02 | 2024-09-30 | PWP | Bednar Andrew | CEO, Dir | M - OptEx | $0.00 | -48.5K | 1.69M | -3% | $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 | 2024-09-30 | M | A | 48,528 | $0.00 | 845,036 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-09-30 | F | D | 24,774 | $19.31 | 820,262 | 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. |
| 3 | Derivative | Performance-Based Stock Units | 2024-09-30 | M | D | 48,528 | $0.00 | 1,687,417 | D | — · — to — | 48,528 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) 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. (F4) These PSUs vested on September 30, 2024, upon the achievement of certain service-based and performance-based vesting conditions. |