Perella Weinberg Partners (PWP) director uses shares to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel reported a small, non-market share disposition tied to equity compensation. On the tax date, 3,093 shares of Class A common stock, valued at $19.35 per share, were deemed transferred back to the company to satisfy tax withholding on vested restricted stock units. Following this tax-withholding disposition, Steel directly holds 174,944 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEEL ROBERT K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,093 | $19.35 | $60K |
Holdings After Transaction:
Class A Common Stock — 174,944 shares (Direct)
Footnotes (1)
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FAQ
What did Perella Weinberg Partners (PWP) director Robert K. Steel report on this Form 4?
Robert K. Steel reported a tax-related share disposition. 3,093 Class A shares were deemed transferred back to Perella Weinberg Partners to cover tax withholding on vested restricted stock units, rather than sold in the open market.
Was Robert K. Steel’s Perella Weinberg Partners transaction an open-market sale?
No, it was not an open-market sale. The Form 4 describes a deemed disposition of 3,093 Class A shares back to Perella Weinberg Partners to cover tax withholding obligations when restricted stock units vested.
What is transaction code F on Robert K. Steel’s Perella Weinberg Partners Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, 3,093 Class A shares were deemed disposed to Perella Weinberg Partners to satisfy tax withholding on the vesting of restricted stock units granted to Robert K. Steel.