Yates David M 4
4 · WisdomTree, Inc. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
WisdomTree (WT) CIO David Yates Receives Award; Tax-Withheld Shares
What Happened
David M. Yates, Chief Information Officer of WisdomTree (WT), had 37,997 performance-based restricted stock units (PRSUs) convert to common shares on Jan 27, 2026 (reported price $0.00). Of those, 19,816 shares were withheld by the company to cover tax withholding, leaving a net increase of roughly 18,181 shares to Yates’ beneficial ownership. The filing shows the PRSUs vested and were converted rather than an open-market purchase or sale.
Key Details
- Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (timely filing).
- Reported prices: $0.00 per share for the conversion/transactions (typical for award-to-share conversions).
- Gross converted: 37,997 shares; Shares withheld for taxes: 19,816; Net retained: ~18,181 shares.
- Footnotes: These were performance-based RSUs granted Jan 25, 2023 and vested Jan 25, 2026. Performance (relative TSR) came in at the 84.62nd percentile, producing 199% of the target payout (F5). Dividend equivalents were reinvested into 1,586 PRSUs before vesting (F2). Shares were withheld by the issuer to satisfy tax withholding (F4).
- Transaction codes: M = exercise/conversion of derivative (PRSUs converted to shares); F = shares withheld to cover tax liability.
- No open-market sale: Other than tax-withholding, there is no reported sale of shares in this filing.
Context
This is a routine vesting/conversion of performance-based equity, not an open-market trade. The withholding of shares to cover taxes is a common cashless method and should not be read as a discretionary sale by the insider. Because the filing reports $0 per share (conversion from award units), no dollar value for the shares is provided in the Form 4 itself — market value would depend on WisdomTree’s stock price on or after the vesting date.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-01-27+37,997→ 192,315 total - Tax Payment
Common Stock
[F4][F3]2026-01-27−19,816→ 172,499 total - Exercise/Conversion
Performance Based Restricted Stock Units
[F5][F1][F2]2026-01-27−37,997→ 0 total→ Common Stock (37,997 underlying)
Footnotes (5)
- [F1]Each performance-based restricted stock unit ("PRSU") represented the right to receive, on the vesting date, one share of common stock for each such unit that vested.
- [F2]Includes the reinvestment of dividend equivalents into 1,586 PRSUs between the grant date and vesting date.
- [F3]Includes restricted stock awards vesting as to (i) 35,859 shares on January 25, 2027, (ii) 19,116 shares on January 25, 2028 and (iii) 7,564 shares on January 25, 2029.
- [F4]Shares withheld by the Issuer upon vesting of PRSUs to cover withholding taxes.
- [F5]These PRSUs were granted by the Issuer on January 25, 2023 and vested on January 25, 2026. The ultimate number of shares that could have vested was between 0 and 200% of the previously reported target number of PRSUs based on the total shareholder return ("TSR") of the Issuer's common stock relative to the respective TSRs of the stocks of a peer group of companies, each measured over a 3-year period from the grant date ("Relative TSR"). Based on a report issued by an independent valuation specialist and certified by the Issuer's compensation committee on January 27, 2026, the Relative TSR measured in the 84.62nd percentile, resulting in the vesting of 199% of the target number of PRSUs.