Frankenthaler Marci 4
4 · WisdomTree, Inc. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
WisdomTree CLO Marci Frankenthaler Exercises PRSUs
What Happened Marci Frankenthaler, Chief Legal Officer of WisdomTree (WT), had 43,998 performance-based restricted stock units (PRSU) convert into common shares on January 27, 2026. The conversion/settlement shows an exercise/conversion price of $0 (typical for RSU/PRSU settlement). To satisfy withholding taxes, 22,889 shares were withheld by the issuer. The filing also includes a derivative disposition entry tied to the conversion.
Key Details
- Transaction date: January 27, 2026. Form 4 filed January 29, 2026 (timely).
- Conversion/exercise: 43,998 PRSUs converted to shares (price $0).
- Tax withholding: 22,889 shares were withheld by the issuer to cover taxes (code F).
- Additional filing line: a derivative disposition (code M) of 43,998 shares is reported in connection with the conversion/settlement.
- Shares owned after transaction: not specified in the provided excerpt.
- Notable footnotes: PRSUs converted 1:1 on vesting (F1); 1,838 PRSUs reflect dividend-equivalent reinvestment (F2); the PRSUs were granted Jan 25, 2023 and vested Jan 25, 2026 (F5). Vesting occurred at 199% of target because WisdomTree’s relative total shareholder return ranked in the 84.62nd percentile versus peers (F5). Withholding of shares to cover taxes is routine (F4).
Context These were performance-based RSUs that vested/converted — not an open-market buy or a discretionary sale. The conversion had no cash exercise price and the withholding of shares for taxes is a common administrative step. The material here is factual reporting of award settlement and does not, by itself, signal insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-01-27+43,998→ 338,161 total - Tax Payment
Common Stock
[F4][F3]2026-01-27−22,889→ 315,272 total - Exercise/Conversion
Performance Based Restricted Stock Units
[F5][F1][F2]2026-01-27−43,998→ 0 total→ Common Stock (43,998 underlying)
Footnotes (5)
- [F1]Each performance-based restricted stock unit ("PRSU") represented the right to receive, on the vesting date, one share of common stock for each such unit that vested.
- [F2]Includes the reinvestment of dividend equivalents into 1,838 PRSUs between the grant date and vesting date.
- [F3]Includes restricted stock awards vesting as to (i) 51,943 shares on January 25, 2027, (ii) 28,277 shares on January 25, 2028 and (iii) 10,538 shares on January 25, 2029.
- [F4]Shares withheld by the Issuer upon vesting of PRSUs to cover withholding taxes.
- [F5]These PRSUs were granted by the Issuer on January 25, 2023 and vested on January 25, 2026. The ultimate number of shares that could have vested was between 0 and 200% of the previously reported target number of PRSUs based on the total shareholder return ("TSR") of the Issuer's common stock relative to the respective TSRs of the stocks of a peer group of companies, each measured over a 3-year period from the grant date ("Relative TSR"). Based on a report issued by an independent valuation specialist and certified by the Issuer's compensation committee on January 27, 2026, the Relative TSR measured in the 84.62nd percentile, resulting in the vesting of 199% of the target number of PRSUs.