WisdomTree (WT) CEO updates grant of 78,437 performance stock units
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Steinberg Jonathan L reported acquisition or exercise transactions in this Form 4 filing.
WisdomTree, Inc. Chief Executive Officer Jonathan L. Steinberg reported an amended equity award of 78,437 performance-based restricted stock units (PRSUs). Each PRSU represents the right to receive one share of common stock for each unit that vests. These PRSUs are scheduled to vest on January 25, 2029, with the actual shares issued ranging from 0% to 200% of the target amount based on performance. The amendment updates the target number of PRSUs to reflect the grant date fair market value as determined by an independent valuation consultant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steinberg Jonathan L
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units | 78,437 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 78,437 shares (Direct)
Footnotes (1)
- Each performance-based restricted stock unit represents the right to receive, on the vesting date, one share of common stock for each such unit that vests. These PRSUs are scheduled to vest on January 25, 2029. The number of shares of Common Stock to be issued will range between 0% and 200% of the target number of PRSUs indicated above. This Amendment to Form 4 is being filed to update the target number of PRSUs to reflect the grant date fair market value of the PRSUs as determined by an independent valuation consultant.
FAQ
What insider transaction did WisdomTree (WT) report in this Form 4/A?
WisdomTree reported an amended grant of 78,437 performance-based restricted stock units to CEO Jonathan L. Steinberg. The filing updates the target PRSU amount to match the grant date fair market value determined by an independent valuation consultant.
Who received the performance-based restricted stock units at WisdomTree (WT)?
Chief Executive Officer Jonathan L. Steinberg received 78,437 performance-based restricted stock units. The units are held directly and represent potential future shares of WisdomTree common stock, depending on whether specific performance conditions are met over the vesting period.
When do Jonathan Steinberg’s WisdomTree (WT) PRSUs vest?
The performance-based restricted stock units granted to Jonathan Steinberg are scheduled to vest on January 25, 2029. Actual share delivery depends on meeting performance goals, which can result in issuance between 0% and 200% of the target number of units.
Why was an amended Form 4/A filed for WisdomTree (WT)?
An amended Form 4/A was filed to update the target number of performance-based restricted stock units. The revision aligns the grant with the grant date fair market value of the PRSUs, which was determined by an independent valuation consultant engaged by the company.
Does the WisdomTree (WT) PRSU grant involve a cash purchase by the CEO?
No cash purchase is involved in this PRSU grant to the CEO. The units are an equity award with a stated price of $0.0000 per unit, delivering shares only if performance and vesting conditions are satisfied by the 2029 vesting date.