PWP director reports RSU grant and tax share disposal
Perella Weinberg Partners director Robert K. Steel reported equity compensation activity involving Class A Common Stock.
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Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel reported equity compensation activity involving Class A Common Stock. On February 13, he acquired 96,089 shares through a grant of restricted stock units at $0.00 per share, which will vest in three equal annual installments based on continued service. On February 18, 16,824 shares were deemed disposed at $20.79 per share to cover tax withholding obligations triggered by RSU vesting, rather than an open-market sale. After these transactions, Steel directly held 178,037 Class A shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 16,824 | $20.79 | $350K |
| Grant/Award | Class A Common Stock | 96,089 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents a grant of restricted stock units, which will vest based on the achievement of service-based vesting conditions that are satisfied in three equal installments on the first, second and third anniversaries of the grant date.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PWP director Robert K. Steel report on this Form 4?
Was the PWP Form 4 transaction by Robert K. Steel an open-market stock sale?
What equity award did Robert K. Steel receive from Perella Weinberg Partners (PWP)?
What do the transaction codes A and F mean in Robert K. Steel’s PWP Form 4?
How do the vesting terms affect Robert K. Steel’s PWP restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.