Perella Weinberg (NYSE: PWP) director uses 15,301 shares to satisfy tax withholding
Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel reported a tax-related share disposition. On the transaction date, 15,301 shares of Class A common stock were transferred back to the company at $18.64 per share to cover tax withholding tied to vesting restricted stock units.
According to the filing, this was a tax-withholding disposition rather than an open-market sale. After this transaction, Steel’s direct holdings in Perella Weinberg Partners Class A common stock were 189,643 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,301 shares
Net Sell
1 txn
Insider
STEEL ROBERT K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 15,301 | $18.64 | $285K |
Holdings After Transaction:
Class A Common Stock — 189,643 shares (Direct)
Footnotes (1)
- 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.
FAQ
What insider transaction did PWP director Robert K. Steel report?
Robert K. Steel reported a tax-withholding disposition of Perella Weinberg Partners Class A common stock. He transferred 15,301 shares back to the company to satisfy tax obligations arising from vesting restricted stock units.
Was Robert K. Steel’s PWP Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were deemed transferred to Perella Weinberg Partners to cover tax liabilities when restricted stock units vested, according to the filing footnote.
What does transaction code F mean in the PWP Form 4 for Robert K. Steel?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, it reflects a deemed disposition of Perella Weinberg Partners shares to satisfy tax withholding on vested restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.