Perella Weinberg president gains 968K new shares
Perella Weinberg Partners (PWP) director and president Becker Dietrich exercised previously granted performance-based stock units into Class A common stock.
Rhea-AI Filing Summary
Perella Weinberg Partners (PWP) director and president Becker Dietrich exercised previously granted performance-based stock units into Class A common stock. On August 31, 2026, 968,964 performance-based stock units vested and were converted into 968,964 shares of Class A common stock at a reported price of $0.00 per share. Following this conversion, Dietrich holds 1,379,452 shares of Class A common stock directly and no remaining performance-based stock units from this grant, after service-based and performance-based vesting conditions tied to multi-year service and stock-price hurdles were achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
968,964 shares exercised/converted
Exercise
2 txns
Insider
Becker Dietrich
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Stock Units F1, F2, F3 | 968,964 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 968,964 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Stock Units — 0 contracts (Direct);
Class A Common Stock — 1,379,452 shares (Direct)
Footnotes (3)
- F1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock.
- F2. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock. PSUs 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 August 31, 2026, upon the achievement of certain service-based and performance-based vesting conditions.
Key Figures
PSUs converted: 968,964 units
Class A shares acquired: 968,964 shares
Holdings after transaction: 1,379,452 shares
+2 more
5 metrics
PSUs converted
968,964 units
Performance-based stock units converted into Class A common stock on August 31, 2026
Class A shares acquired
968,964 shares
Shares of Perella Weinberg Partners Class A common stock received upon PSU conversion
Holdings after transaction
1,379,452 shares
Total direct Class A common stock held by Becker Dietrich after the August 31, 2026 transaction
Reported transaction price per share
$0.00 per share
Price reported for the Class A common stock received from PSU conversion
PSUs remaining from this grant
0 units
Performance-based stock units following the reported conversion were reduced to zero
Key Terms
performance-based restricted stock unit ("PSU"), service-based vesting conditions, performance-based vesting conditions, linear interpolation, +1 more
5 terms
performance-based restricted stock unit ("PSU") financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right"
service-based vesting conditions financial
"PSUs vest based on the achievement of (i) service-based vesting conditions"
performance-based vesting conditions financial
"and (ii) performance-based vesting conditions that are satisfied upon the achievement"
linear interpolation financial
"closing stock prices equal to $15, $20, $25 and $30 (subject to linear interpolation)"
trading days financial
"for 20 out of any 30 consecutive trading days, in each case prior"
Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.
FAQ
What did PWP’s president Becker Dietrich report on this Form 4?
He reported that on August 31, 2026, 968,964 performance-based stock units vested and were converted into 968,964 shares of Perella Weinberg Partners Class A common stock, increasing his direct common stock holdings.
What securities were converted into PWP Class A common stock?
The filing states that performance-based stock units (PSUs) representing a right to receive one share of Class A common stock each were converted, resulting in the issuance of 968,964 Class A common shares.
What vesting conditions applied to the PWP performance-based stock units?
The PSUs vest based on (i) service-based conditions in two equal installments on the third and fifth anniversaries of the grant and (ii) performance-based conditions tied to achieving specified stock price levels for set trading-day periods before the fifth anniversary.
Were the PWP transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed for these transactions, and no footnote states that they were made under a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
