Robert K. Steel - Aug 31, 2024 Form 4 Insider Report for Perella Weinberg Partners (PWP)

Role
Director
Signature
/s/ Mark Polemeni, as Attorney-in-Fact
Stock symbol
PWP
Transactions as of
Aug 31, 2024
Transactions value $
-$299,408
Form type
4
Date filed
9/4/2024, 09:51 PM
Previous filing
May 20, 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 +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

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 -30K -20% $0.00 120K Aug 31, 2024 Class A Common Stock 30K 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 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.