Bednar Andrew 4

4 · Perella Weinberg Partners · Filed Feb 26, 2026

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Updated Feb 27, 2026

Perella Weinberg (PWP) CEO Andrew Bednar Converts PSUs, Withholds Shares

What Happened

Andrew Bednar, CEO of Perella Weinberg Partners (PWP), had 474,850 performance-based restricted stock units (PSUs) convert into Class A common stock on Feb 24, 2026.
To satisfy tax withholding obligations, 15,590 of the newly issued shares were surrendered to the company at $19.35 per share, representing about $301,667. After withholding, roughly 459,260 shares were delivered to Bednar.

Key Details

Transaction date: 2026-02-24; Filing date: 2026-02-26 (filed within the usual two-business-day Form 4 window).
Reported transactions: conversion/exercise of derivative (code M) for 474,850 shares @ $0.00 (vesting/conversion of PSUs); disposition for tax withholding (code F) of 15,590 shares @ $19.35 ($301,667).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Footnotes of note:
- F1: The 15,590-share disposition represents withholding to satisfy tax obligations.
- F2–F4: Each PSU converts to one share; these PSUs were granted 2/24/2023 and vested on 2/24/2026 after meeting service and stock-price performance conditions (price hurdles at $15/$20/$25/$30 measured over 20 of 30 trading days, with service-based vesting installments and holdback rules).

Context

This was not an open-market sale for diversification or cash proceeds; it was a common cashless-like withholding to cover taxes when performance awards vested. Such withholding is routine and does not necessarily indicate a change in the insider’s view of the company.
For retail investors, purchases (out-of-pocket buys) are more informative as bullish signals; this filing documents a vesting event and tax withholding.

Form 4

Period: 2026-02-24

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-02-24+474,850→ 1,312,547 total
Tax Payment
Class A Common Stock
[F1]
2026-02-24$19.35/sh−15,590$301,667→ 1,296,957 total
Exercise/Conversion
Performance-Based Stock Units
[F2][F3][F4]
2026-02-24−474,850→ 525,150 total
→ Class A Common Stock (474,850 underlying)

Footnotes (4)

[F1]Represents deemed disposition of shares of Class A common stock to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
[F2]Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock.
[F3]The PSUs granted on February 24, 2023 vest based on the achievement of (i) service-based vesting conditions that are satisfied in two equal installments on the third and fifth anniversaries of the grant date, subject to a 50% holdback after the first vesting date, and (ii) performance-based vesting conditions that are satisfied upon the achievement, as measured on the last calendar day of each month, of closing stock prices equal to $15, $20, $25 and $30 (subject to linear interpolation) for 20 out of any 30 consecutive trading days, in each case prior to the fifth anniversary of the grant date.
[F4]These PSUs vested on February 24, 2026, upon the achievement of certain service-based and performance-based vesting conditions.

Signature

/s/ Justin Kamen, Authorized Person|2026-02-26

1 file