Weinberg Peter A 4
Research Summary
AI-generated summary
Perella Weinberg (PWP) Chairman Peter Weinberg Sells 11,844 Shares
What Happened
Peter A. Weinberg, Chairman and Director of Perella Weinberg Partners (PWP), had 11,844 shares of Class A common stock deemed disposed on Feb 24, 2026 to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $19.35 each, for a total disposition of approximately $229,181. This was a withholding-for-taxes transaction (routine) rather than an open-market sale.
Key Details
- Transaction date and price: Feb 24, 2026 — 11,844 shares at $19.35 per share (total ~$229,181)
- Transaction code/footnote: Code F — deemed disposition to issuer to satisfy tax withholding on RSU vesting (Footnote F1)
- Shares owned after transaction: Not specified in the filing
- Filing date/timeliness: Form 4 filed Feb 26, 2026 (filed within the typical two-business-day reporting window)
Context
This was a tax-withholding "sell-to-cover" style disposition tied to RSU vesting, a common administrative action that does not necessarily signal a judgment about the company’s prospects. Such transactions differ from open-market sales because shares are surrendered directly to the issuer to cover taxes rather than sold on the market for cash proceeds.