Perella Weinberg (NYSE: PWP) director uses 15,301 shares to satisfy tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel reported a tax-related share disposition. On the transaction date, 15,301 shares of Class A common stock were transferred back to the company at $18.64 per share to cover tax withholding tied to vesting restricted stock units.
According to the filing, this was a tax-withholding disposition rather than an open-market sale. After this transaction, Steel’s direct holdings in Perella Weinberg Partners Class A common stock were 189,643 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEEL ROBERT K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 15,301 | $18.64 | $285K |
Holdings After Transaction:
Class A Common Stock — 189,643 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PWP director Robert K. Steel report?
Robert K. Steel reported a tax-withholding disposition of Perella Weinberg Partners Class A common stock. He transferred 15,301 shares back to the company to satisfy tax obligations arising from vesting restricted stock units.
Was Robert K. Steel’s PWP Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were deemed transferred to Perella Weinberg Partners to cover tax liabilities when restricted stock units vested, according to the filing footnote.
What does transaction code F mean in the PWP Form 4 for Robert K. Steel?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, it reflects a deemed disposition of Perella Weinberg Partners shares to satisfy tax withholding on vested restricted stock units.