PWP director receives 30,000 shares via PSU vesting
Perella Weinberg Partners director Robert K. Steel acquired shares through an equity award vesting.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel acquired shares through an equity award vesting. On February 28, 2026, he exercised 30,000 performance-based stock units, which represent contingent rights to receive one share of Class A common stock each, at a price of $0.00 per unit. This exercise delivered 30,000 shares of Class A common stock, bringing his directly held Class A stake to 204,944 shares. The units were originally granted on August 31, 2021 and vested after specified service periods and stock price performance hurdles were achieved.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Stock Units | 30,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 30,000 | $0.00 | $0.00 |
Footnotes (3)
- 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 five equal installments on the 36, 42, 48, 54 and 60 month anniversaries of the grant date and (ii) performance-based vesting conditions that are satisfied upon the achievement of closing stock price hurdles for 20 out of any 30 consecutive trading days equal to $12, $13.50, $15 and $17, in each case prior to the sixth anniversary of the grant date.
- F3. These PSUs vested on February 28, 2026, upon the achievement of certain service-based and performance-based vesting conditions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Perella Weinberg Partners (PWP) report for Robert K. Steel?
Did Robert K. Steel buy or sell Perella Weinberg Partners (PWP) stock on the open market?
What are the terms of the performance-based stock units reported by Perella Weinberg Partners (PWP)?
When did the performance-based stock units vest for Perella Weinberg Partners (PWP) director Robert K. Steel?
Is Robert K. Steel’s Perella Weinberg Partners (PWP) transaction a routine equity award event?
AI-generated analysis. How Rhea-AI works. Not financial advice.