Steinberg Jonathan L 4/A
Research Summary
AI-generated summary
WisdomTree (WT) CEO Jonathan Steinberg Receives Award of 78,437 PRSUs
What Happened
- Jonathan L. Steinberg, CEO of WisdomTree, received a grant of 78,437 performance-based restricted stock units (PRSUs) on January 25, 2026. The grant was recorded as a derivative award with no cash paid (price $0.00). This is reported on an amended Form 4 filed February 24, 2026 to update the target PRSU number.
Key Details
- Transaction date: 2026-01-25; grant price: $0.00 (award).
- Award type: Performance-based restricted stock units (PRSUs) — each PRSU equals the right to receive one share upon vesting (Footnote F1).
- Vesting and payout: Scheduled to vest January 25, 2029; actual shares issued will range from 0% to 200% of the target PRSUs (Footnote F2).
- Filing: This is an AMENDED Form 4 filed Feb 24, 2026 to update the target number based on grant-date fair value determined by an independent valuation consultant.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
Context
- PRSUs are a long-term, performance-contingent equity award — they do not represent immediately tradable shares and only convert to common stock if performance/vesting conditions are met (so they are different from an outright purchase or sale).
- Because the payout range is 0–200%, the eventual number of shares delivered could be materially higher or lower than the target amount depending on performance outcomes.