Andrew Bednar - Aug 31, 2024 Form 4 Insider Report for Perella Weinberg Partners (PWP)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Polemeni, as Attorney-in-Fact
Stock symbol
PWP
Transactions as of
Aug 31, 2024
Transactions value $
-$6,128,456
Form type
4
Date filed
9/4/2024, 09:43 PM
Previous filing
Mar 7, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWP Class A Common Stock Options Exercise $0 +614K +123.82% $0.00 1.11M Aug 31, 2024 Direct
transaction PWP Class A Common Stock Tax liability -$6.13M -313K -28.24% $19.55 797K Sep 3, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PWP Performance-Based Stock Units Options Exercise $0 -614K -26.13% $0.00 1.74M Aug 31, 2024 Class A Common Stock 614K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.