Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PWP | Class A Common Stock | Options Exercise | $0 | +73.6K | +19.42% | $0.00 | 453K | Nov 30, 2024 | Direct |
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 | -73.6K | -4.62% | $0.00 | 1.52M | Nov 30, 2024 | Class A Common Stock | 73.6K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock. |
F2 | 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. |
F3 | These PSUs vested on November 30, 2024, upon the achievement of certain service-based and performance-based vesting conditions. |