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WisdomTree, Inc.·4

Jan 29, 4:39 PM ET

Lilien R Jarrett 4

Research Summary

AI-generated summary

Updated

WisdomTree (WT) President Lilien Jarrett Exercises and Sells Shares

What Happened

  • Lilien R. Jarrett, President and COO of WisdomTree (WT), had performance-based restricted stock units (PRSUs) vest and convert into 350,395 shares on Jan 27, 2026. The reported exercise/conversion price was $0.00 (these were PRSUs, not option purchases).
  • The filing shows 179,207 shares were withheld by the issuer to cover tax withholding. The filing also reports a disposition of vested/converted shares (reported as a derivative disposition), indicating the vested shares were subsequently transferred/sold the same day. No cash amounts are reported for the exercise conversion (value shown $0).

Key Details

  • Transaction date: 2026-01-27; Filing date: 2026-01-29 (timely filing).
  • Reported acquisitions: 350,395 shares via exercise/conversion (code M) at $0.00.
  • Reported dispositions: 179,207 shares withheld for taxes (code F) and a disposition of 350,395 shares (code M, derivative).
  • Shares owned after transaction: not specified in the excerpt provided.
  • Relevant footnotes:
    • F5: These PRSUs were granted Jan 25, 2023 and vested Jan 25, 2026; performance metric (relative TSR) resulted in 199% payout, producing the 350,395 vested shares.
    • F4: The 179,207 shares were withheld by the issuer to cover withholding taxes.
    • F1–F3/F2 provide background on PRSUs, dividend reinvestment (14,710 PRSUs), and other scheduled restricted awards.
  • Transaction codes: M = exercise/conversion of derivative; F = shares withheld to cover tax liability.

Context

  • These were performance-based RSU-like awards (PRSUs) that vested based on WisdomTree’s relative total shareholder return over a 3-year period. Vesting payout was 199% of target per the company’s valuation and compensation committee.
  • The combination of an exercise/conversion line, a tax-withholding line, and a same-day disposition suggests a cashless settlement/transfer of the vested shares (common for vested equity awards). These are routine, compensation-related transactions and do not by themselves indicate a personal bullish or bearish signal.