PWP (NASDAQ: PWP) Form 144 lists multiple vested restricted-share tranches

Rhea-AI Filing Summary

PWP filed a Form 144 reporting proposed sales of common stock related to restricted stock vesting and performance stock units. The notice lists multiple vesting tranches with share counts and dates, including 6,487 shares vesting 03/06/2023 and 5,876 shares vesting 02/18/2026.

The entries are described as issuer-issued awards for services rendered and performance vesting under a registered plan; the filing enumerates individual tranches rather than a single aggregate offering amount.

Key Figures

Tranche example - 03/06/2023: 6,487 shares Tranche example - 02/18/2026: 5,876 shares Tranche example - 03/05/2026: 2,391 shares +2 more

5 metrics

Tranche example - 03/06/2023 6,487 shares Restricted stock vesting under a registered plan on <date>03/06/2023</date>

Tranche example - 02/18/2026 5,876 shares Restricted stock vesting under a registered plan on <date>02/18/2026</date>

Tranche example - 03/05/2026 2,391 shares Performance stock units vesting on <date>03/05/2026</date>

Tranche example - 03/04/2024 6,377 shares Restricted stock vesting under a registered plan on <date>03/04/2024</date>

Broker-dealer listed Morgan Stanley Smith Barney LLC Broker/intermediary named in the filing

Key Terms

Restricted stock vesting, Performance Stock Units, Form 144, Broker/Dealer

4 terms

Restricted stock vesting financial

"Restricted stock vesting under a registered plan | Issuer | Services Rendered"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Performance Stock Units financial

"Performance Stock Units | Issuer | Services Rendered"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Broker/Dealer financial

"Morgan Stanley Smith Barney LLC Executive Financial Services"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	51671	1020037.21	71009967	05/05/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/31/2022	Restricted stock vesting under a registered plan	Issuer			2899	08/31/2022	Services Rendered
Common	03/06/2023	Restricted stock vesting under a registered plan	Issuer			6487	03/06/2023	Services Rendered
Common	08/31/2023	Restricted stock vesting under a registered plan	Issuer			2900	08/31/2023	Services Rendered
Common	02/26/2024	Restricted stock vesting under a registered plan	Issuer			2963	02/26/2024	Services Rendered
Common	03/04/2024	Restricted stock vesting under a registered plan	Issuer			6377	03/04/2024	Services Rendered
Common	09/03/2024	Performance Stock Units	Issuer			2384	09/03/2024	Services Rendered
Common	09/03/2024	Restricted stock vesting under a registered plan	Issuer			2284	09/03/2024	Services Rendered
Common	02/24/2025	Restricted stock vesting under a registered plan	Issuer			4968	02/24/2025	Services Rendered
Common	03/04/2025	Restricted stock vesting under a registered plan	Issuer			5047	03/04/2025	Services Rendered
Common	03/04/2025	Performance Stock Units	Issuer			2354	03/04/2025	Services Rendered
Common	09/02/2025	Performance Stock Units	Issuer			2370	09/02/2025	Services Rendered
Common	02/18/2026	Restricted stock vesting under a registered plan	Issuer			5876	02/18/2026	Services Rendered
Common	02/24/2026	Restricted stock vesting under a registered plan	Issuer			2371	02/24/2026	Services Rendered
Common	03/05/2026	Performance Stock Units	Issuer			2391	03/05/2026	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PWP's Form 144 disclose about vested awards?

The Form 144 lists proposed sales of common stock from vested restricted shares and performance stock units. It provides individual tranche counts and vesting dates, such as 6,487 shares on 03/06/2023 and 5,876 shares on 02/18/2026.

Are the shares in PWP's filing newly issued or from compensation vesting?

They are compensation-related vesting events: restricted stock vesting and performance stock units issued by the company for services rendered. The filing catalogs each tranche and vesting date rather than stating cash consideration or purchasers.

Does the Form 144 state the aggregate number of shares to be sold?

The excerpt enumerates multiple tranche counts and dates but does not present a single aggregate offering total. It details individual vesting entries instead of summarizing an overall amount to be sold.

What time span do the vesting entries in PWP's Form 144 cover?

The vesting entries span multiple years, with examples from 08/31/2022 through 03/05/2026, listing tranche-by-tranche share counts and vesting dates tied to services rendered or performance conditions.

Who is listed as the broker or intermediary in the filing?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker/dealer. The excerpt includes the broker identification line but does not specify transaction timing or execution method.