Perella Weinberg Partners (PWP) director gains 30,000 shares from PSU exercise

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STEEL ROBERT K

(Last) (First) (Middle)

767 FIFTH AVENUE

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Perella Weinberg Partners [ PWP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/28/2026		M		30,000	A	$0	204,944	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance-Based Stock Units	(1)	02/28/2026		M			30,000	(2)(3)	(2)(3)	Class A Common Stock	30,000	$0	30,000	D

Explanation of Responses:

1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock.

2. 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.

3. These PSUs vested on February 28, 2026, upon the achievement of certain service-based and performance-based vesting conditions.

Remarks:

	/s/ Justin Kamen, Authorized Person	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Perella Weinberg Partners (PWP) report for Robert K. Steel?

Perella Weinberg Partners director Robert K. Steel exercised 30,000 performance-based stock units on February 28, 2026. This exercise converted the units into 30,000 shares of Class A common stock and increased his directly held Class A position to 204,944 shares.

Did Robert K. Steel buy or sell Perella Weinberg Partners (PWP) stock on the open market?

Robert K. Steel did not report an open-market buy or sell. He exercised 30,000 performance-based stock units at $0.00 per unit, receiving 30,000 Class A shares as part of an equity compensation award, rather than purchasing shares on the market.

How many Perella Weinberg Partners (PWP) shares does Robert K. Steel own after this transaction?

After the reported transaction, Robert K. Steel directly holds 204,944 shares of Perella Weinberg Partners Class A common stock. This increase reflects the issuance of 30,000 new shares upon the exercise and vesting of performance-based stock units granted under a prior equity award.

What are the terms of the performance-based stock units reported by Perella Weinberg Partners (PWP)?

Each performance-based stock unit represents a contingent right to receive one Class A share. Units granted August 31, 2021 vest over five installments and require stock price hurdles of $12, $13.50, $15 and $17 to be achieved within six years of the grant date.

When did the performance-based stock units vest for Perella Weinberg Partners (PWP) director Robert K. Steel?

Robert K. Steel’s performance-based stock units vested on February 28, 2026. Vesting occurred after both service-based conditions over a multi-year schedule and specified stock price performance hurdles were satisfied, triggering the issuance of 30,000 Class A common shares.

Is Robert K. Steel’s Perella Weinberg Partners (PWP) transaction a routine equity award event?

The transaction reflects vesting and exercise of performance-based stock units granted August 31, 2021, a common form of equity compensation. Shares were issued at $0.00 per unit upon satisfying service and performance conditions, indicating a compensation-related, not discretionary trading, event.