Perella Weinberg (PWP) Director Peter A. Weinberg Converts 680,336 PSUs

What Happened
Peter A. Weinberg, a director of Perella Weinberg Partners (PWP), had 680,336 performance-based restricted stock units (PSUs) vest and convert into 680,336 shares of Class A common stock on August 31, 2026. The Form 4 reports an exercise/conversion (transaction code M) showing acquisition of 680,336 shares at $0.00 and a corresponding derivative disposition entry also at $0.00. No cash price or sale for proceeds is reported in the filing.

Key Details

• Transaction date: 2026-08-31 (reported on Form 4 filed 2026-09-02). Filing appears timely.
• Reported price: $0.00 (conversion of PSUs into shares; no cash paid or received reported).
• Shares involved: 680,336 PSUs converted to 680,336 Class A shares.
• Shares owned following the transaction: not specified in this filing.
• Footnotes: F1–F3 state these were performance-based RSUs (PSUs) convertible 1:1 to Class A shares; vesting depended on service and stock-price performance targets, and the PSUs vested on 8/31/2026 upon meeting those conditions.
• Transaction codes: M indicates exercise/conversion of a derivative instrument (PSU).

Context
PSUs are contingent awards that convert to common stock when service and/or performance vesting conditions are met; here the grant’s performance metrics and service schedule (including price hurdles and holdback rules) are described in the footnotes and the PSUs vested on August 31, 2026. Because this was a conversion of vested PSUs (not a market purchase or cash sale), it does not by itself signal a buy or sell decision; it records the issuance/conversion event rather than an open-market trade.