Andrew Bednar - Oct 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
Oct 31, 2024
Transactions value $
-$985,343
Form type
4
Date filed
11/4/2024, 04:38 PM
Previous filing
Oct 2, 2024
Next filing
Nov 14, 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 +95.4K +11.63% $0.00 916K Oct 31, 2024 Direct
transaction PWP Class A Common Stock Tax liability -$985K -48.7K -5.32% $20.23 867K Oct 31, 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 -95.4K -5.65% $0.00 1.59M Oct 31, 2024 Class A Common Stock 95.4K 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 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 October 31, 2024, upon the achievement of certain service-based and performance-based vesting conditions.