Frankenthaler Marci 4
Research Summary
AI-generated summary
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.