Perella Weinberg Partners (PWP) chairman disposes shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perella Weinberg Partners’ Chairman Peter A. Weinberg reported a tax-related share disposition. On the vesting of restricted stock units, he surrendered 11,844 shares of Class A common stock to the company at $19.35 per share to cover tax withholding obligations. After this deemed disposition back to the issuer, he directly holds 1,954,900 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weinberg Peter A
Role
Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 11,844 | $19.35 | $229K |
Holdings After Transaction:
Class A Common Stock — 1,954,900 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Perella Weinberg Partners (PWP) report for Peter A. Weinberg?
Peter A. Weinberg reported a tax-related share disposition. He surrendered 11,844 Class A shares to Perella Weinberg Partners to satisfy tax withholding obligations triggered by the vesting of restricted stock units.
Was the Perella Weinberg Partners (PWP) Form 4 transaction an open-market sale?
The transaction was not an open-market sale. Shares were deemed disposed of back to Perella Weinberg Partners to cover tax withholding on vested restricted stock units, using a transaction code F for tax-liability settlement.
What does transaction code F mean in the Perella Weinberg Partners (PWP) Form 4?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this case, Peter A. Weinberg delivered 11,844 Class A shares back to Perella Weinberg Partners to satisfy tax withholding on vested restricted stock units.
What role does Peter A. Weinberg hold at Perella Weinberg Partners (PWP) in this Form 4?
Peter A. Weinberg is identified as both a director and an officer of Perella Weinberg Partners, serving as Chairman. His Form 4 filing reflects personal direct ownership changes in the company’s Class A common stock due to tax withholding on equity awards.