Perella Weinberg director adds 680K vested shares
Perella Weinberg Partners director converted 680,336 performance-based stock units into Class A common shares after vesting conditions were met.
Rhea-AI Filing Summary
Perella Weinberg Partners (PWP) director Peter A. Weinberg reported the vesting and exercise of performance-based stock units into common stock. On August 31, 2026, 680,336 PSUs were exercised for 680,336 shares of Class A common stock, leaving no PSUs and resulting in 2,635,236 common shares held directly. These PSUs vested after service-based and performance-based conditions were achieved, including stock price targets between $15 and $30.
Positive
- None.
Negative
- None.
Insider Trade Summary
680,336 shares exercised/converted
Exercise
2 txns
Insider
Weinberg Peter A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Stock Units F1, F2, F3 | 680,336 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 680,336 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Stock Units — 0 contracts (Direct);
Class A Common Stock — 2,635,236 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 exercised: 680,336 units
Common shares acquired from PSU vesting: 680,336 shares
Shares owned after transaction: 2,635,236 shares
+2 more
5 metrics
PSUs exercised
680,336 units
Performance-based stock units converted into Class A common stock on August 31, 2026
Common shares acquired from PSU vesting
680,336 shares
Class A common stock received upon PSU exercise on August 31, 2026
Shares owned after transaction
2,635,236 shares
Directly held Perella Weinberg Partners Class A common stock following the PSU conversion
PSU stock price performance hurdles
$15, $20, $25, $30
Closing stock price targets for 20 out of 30 consecutive trading days before fifth grant anniversary
Service-based vesting schedule
Two equal installments
PSUs vest in two equal installments on the third and fifth anniversaries of the grant date
Key Terms
Performance-Based Stock Units, service-based vesting conditions, performance-based vesting conditions, linear interpolation, +1 more
5 terms
Performance-Based Stock Units financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right"
Performance-based stock units are company promises to deliver shares or cash to employees or executives only if the business hits specific financial or operational goals over a set period. Like a bonus that only pays out when certain milestones are reached, they link pay to company performance and matter to investors because they can dilute the share count, affect reported earnings when they vest, and signal how management is being incentivized.
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
"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 director Peter A. Weinberg report in this Form 4?
He reported the vesting and exercise of 680,336 performance-based stock units into 680,336 shares of Class A common stock on August 31, 2026, eliminating his PSU position and increasing his directly held common shares to 2,635,236.
What are the vesting conditions of the PWP performance-based stock units reported?
Each PSU represents a right to one share of Class A common stock. They vest based on service-based conditions in two equal installments on the third and fifth anniversaries of the grant date and performance-based conditions tied to stock prices of $15, $20, $25 and $30 for specified trading periods.
When did the reported Perella Weinberg Partners PSUs vest?
The reported performance-based stock units vested on August 31, 2026, upon achievement of the applicable service-based and performance-based vesting conditions described for these awards.
Was a Rule 10b5-1 trading plan involved in Peter A. Weinberg’s PWP transactions?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported as governing these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
