Bednar Andrew 4

What Happened

• Andrew Bednar, CEO of Perella Weinberg Partners (PWP), received a grant of 224,206 restricted stock units (RSUs) on 2026-02-13 (transaction code A). The grant is reported at $0.00 on the Form 4 because it is an equity award, not an open-market purchase.
• On 2026-02-18, 62,945 shares were deemed disposed (transaction code F) at $20.79 per share to satisfy withholding/tax obligations, representing $1,308,627. This was a transfer back to the issuer to cover taxes—not an open-market sale.

Key Details

• Grant date and amount: 224,206 RSUs on 2026-02-13 (reported as acquisition, code A).
• Withholding/tax disposition: 62,945 shares on 2026-02-18 at $20.79 each = $1,308,627 (reported as code F).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs vest based on service in three equal installments on the first, second and third anniversaries of the grant date. F2 — The 62,945-share disposition is a deemed transfer to the issuer to satisfy tax withholding in connection with RSU vesting.
• Filing date: Form 4 filed/accessible 2026-02-18 (covers the 2/13 grant and 2/18 withholding).

Context

• This is a standard executive compensation event: an RSU grant (compensation) combined with a routine withholding of shares to meet tax obligations. The withholding is not the same as a market sale by the insider and does not necessarily reflect a trading decision.
• Retail investors typically view awards as part of long-term pay; monitor future vesting dates (annual installments) for potential future share activity.