Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PWP | Class A Common Stock | Options Exercise | $0 | +30K | +43.64% | $0.00 | 98.7K | Aug 31, 2024 | Direct | |
transaction | PWP | Class A Common Stock | Tax liability | -$299K | -15.3K | -15.51% | $19.55 | 83.4K | Sep 3, 2024 | Direct | F1 |
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 | -30K | -20% | $0.00 | 120K | Aug 31, 2024 | Class A Common Stock | 30K | Direct | F2, F3, F4 |
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 five equal installments on the 36, 42, 48, 54 and 60 month anniversaries of the grant date and (ii) performance-based vesting conditions that are satisfied upon the achievement of closing stock price hurdles for 20 out of any 30 consecutive trading days equal to $12, $13.50, $15 and $17, in each case prior to the sixth anniversary of the grant date. |