STEEL ROBERT K 4

What Happened

• Robert K. Steel, a director of Perella Weinberg Partners (PWP), received a grant of 96,089 restricted stock units (RSUs) on 2026-02-13. The grant is recorded at $0.00 per share (award code A).
• On 2026-02-18, 16,824 shares were deemed disposed (code F) to satisfy tax withholding obligations at $20.79 per share, for a total withholding amount of $349,771. This was a withholding action, not an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-02-13: Grant of 96,089 RSUs (A) — $0.00 per share (grant reported).
  • 2026-02-18: Deemed disposition of 16,824 shares for tax withholding (F) — $20.79 per share; total $349,771.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — RSUs vest in three equal installments on the first, second and third anniversaries of the grant date (service-based vesting). F2 — The 16,824-share disposition represents shares surrendered to the issuer to satisfy tax withholding on vesting.
• Timeliness: Form 4 was filed on 2026-02-18 for a 2026-02-13 grant; the filing date falls within the required two-business-day window (2/16 was a federal holiday), so this appears timely.

Context

• RSU grants are awards that vest over time; the 16,824-share action was a routine withholding to cover taxes when some portion vested (a cashless-type settlement handled by the company), not an indication of a market sale or cashing out.
• Transaction codes: A = Award/Grant; F = Tax withholding. These are common for executive/director equity compensation and do not, by themselves, signal a change in insider sentiment.