Perella Weinberg (PWP) President Becker Dietrich Converts 968,964 PSUs

What Happened
Becker Dietrich, President and Director of Perella Weinberg Partners (PWP), had 968,964 performance-based restricted stock units (PSUs) vest and convert into 968,964 shares of Class A common stock on August 31, 2026. The Form 4 reports an exercise/conversion (transaction code M) showing 968,964 shares acquired at $0.00 and a corresponding derivative disposition of 968,964 shares at $0.00. No cash purchase price or sale proceeds are recorded — this reflects conversion/settlement of awards rather than an open-market buy or sale.

Key Details

• Transaction date: August 31, 2026; Form 4 filed September 2, 2026 (appears timely).
• Reported amounts: 968,964 shares acquired via conversion at $0.00 and 968,964 shares disposed (derivative) at $0.00.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Relevant footnotes: F1/F2 explain each PSU converts to one share; F2 details service- and performance-based vesting (performance targets tied to $15–$30 share prices measured over specified trading-day tests); F3 states these PSUs vested on August 31, 2026.
• The filing does not specify the reason for the simultaneous disposition (e.g., tax withholding, transfer, or other settlement mechanics).

Context
These were performance-based award units that matured and converted into shares upon meeting service and stock-price performance conditions — not a market purchase or directional trade. Conversions like this are routine award settlements and do not, by themselves, indicate insider buying or selling intent.