Peck William Bradley 4
Research Summary
AI-generated summary
WisdomTree (WT) William Peck Receives Restricted Stock and PRSUs
What Happened
- William Bradley Peck, Head of Digital Assets at WisdomTree (WT), received equity awards on January 25, 2026. The Form 4 shows acquisitions of 22,688 shares of restricted stock and 7,562 performance-based restricted stock units (PRSUs). Simultaneously, Peck surrendered 21,713 shares back to the company to cover withholding taxes. All reported transactions list $0.00 as the transaction price because these were awards/derivative grants rather than market purchases.
Key Details
- Transaction date(s): January 25, 2026 (filed January 27, 2026 — filing appears timely).
- Awards: 22,688 restricted shares (award), 7,562 PRSUs (derivative award); Surrendered 21,713 shares for tax withholding (code F).
- Reported prices/values: $0.00 per share for award and PRSU lines (typical for grants); surrender recorded as $0.00 on Form 4.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- Restricted stock vests over 2027–2029 (e.g., F1: 7,562 shares vest Jan 25, 2027 and Jan 25, 2028; 7,564 on Jan 25, 2029).
- PRSUs represent the right to receive one share per unit on vesting and are scheduled to vest Jan 25, 2029 at target; actual payout may range from 0%–200% based on 3‑year total shareholder return vs. peers.
- The 21,713-share disposal was a surrender to the issuer to satisfy tax withholding upon vesting.
- Filing timeliness: Filed two days after the report date; not marked late.
Context
- These transactions are equity compensation (restricted stock and performance-based RSUs), not open-market purchases or sales. The surrender of shares to cover taxes is a common, routine step when restricted awards vest and does not indicate a separate open-market sale. PRSUs are performance-contingent: the final number of shares delivered in 2029 could be higher or lower than the target depending on relative TSR performance.