Steinberg Jonathan L 4
Research Summary
AI-generated summary
WisdomTree (WT) CEO Jonathan Steinberg Receives Award — Net 280,661 Shares
What Happened
Jonathan L. Steinberg, CEO of WisdomTree (WT), received 573,813 shares on January 27, 2026 upon settlement/conversion of performance-based restricted stock units (PRSUs). The PRSUs had no exercise price ($0.00). The issuer withheld 293,152 shares to cover withholding taxes, so Steinberg received a net 280,661 shares. The PRSUs were granted on January 25, 2023 and vested on January 25, 2026 with a 199% payout based on Relative TSR (84.62nd percentile).
Key Details
- Transaction date: January 27, 2026; reported on Form 4 filed January 29, 2026 (filed within standard 2-business-day window).
- Transaction codes: M = exercise/conversion of derivative (PRSUs → shares); F = shares withheld for tax withholding.
- Shares acquired (settled): 573,813; shares withheld for taxes: 293,152; net shares received: 280,661.
- Price per share: $0.00 (RSU settlement), no cash exercise price paid.
- Footnotes: PRSUs converted 1:1 to shares (F1); 24,096 PRSUs reflect reinvested dividend equivalents (F2); F5 notes the 199% vesting outcome based on Relative TSR measurement.
- Shares owned after the transaction: not disclosed in the provided data.
Context
PRSUs are performance-based awards that convert to shares when vesting conditions are met; this was a settlement of such awards (not an open-market purchase). Withholding of shares to satisfy taxes is routine and does not indicate a market sale. The sizable 199% payout reflects strong relative total shareholder return over the 3-year performance period but is a compensation/award event rather than an insider cash purchase.