0001777835-23-000114.txt : 20230804
0001777835-23-000114.hdr.sgml : 20230804
20230804090558
ACCESSION NUMBER: 0001777835-23-000114
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230802
FILED AS OF DATE: 20230804
DATE AS OF CHANGE: 20230804
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Weinberg Peter A
CENTRAL INDEX KEY: 0001416779
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39558
FILM NUMBER: 231142364
MAIL ADDRESS:
STREET 1: C/O GLG PARTNERS LP
STREET 2: 1 CURZON STREET
CITY: LONDON
STATE: X0
ZIP: W1J5HB
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Perella Weinberg Partners
CENTRAL INDEX KEY: 0001777835
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 841770732
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 767 FIFTH AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10153
BUSINESS PHONE: 212-287-3200
MAIL ADDRESS:
STREET 1: 767 FIFTH AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10153
FORMER COMPANY:
FORMER CONFORMED NAME: FinTech Acquisition Corp. IV
DATE OF NAME CHANGE: 20190524
4
1
wf-form4_169115434537589.xml
FORM 4
X0508
4
2023-08-02
0
0001777835
Perella Weinberg Partners
PWP
0001416779
Weinberg Peter A
767 FIFTH AVENUE
NEW YORK
NY
10153
1
1
0
0
Chairman
0
Class A Common Stock
2023-08-02
4
A
0
1650000
0
A
2058926
D
Performance-Based Stock Units
2023-08-02
4
D
0
1650000
0
D
Class A Common Stock
1650000.0
1650000
D
On August 2, 2023, in connection with the reporting person's transition from CEO to Chairman, the Compensation Committee of the Board of Directors of the Issuer approved a modification of the award of 3,300,000 performance-based stock units ("PSUs") previously granted to the reporting person on August 31, 2021. The modification is intended to further align the Chairman to long-term shareholder value creation and place less emphasis on prospective annual compensation. As modified, 1,650,000 of these PSUs will vest solely based on the achievement of service-based vesting conditions that are satisfied in three equal installments on the third, fourth and fifth anniversaries of the grant date. The remaining 1,650,000 PSUs are subject to the original vesting conditions as explained in footnote 3 below.
For Section 16 purposes, the modification explained in footnote 1 above may be deemed to be a disposition of 1,650,000 PSUs and an acquisition of 1,650,000 time-based restricted stock units subject to the service-based vesting conditions described above.
Each PSU represents a contingent right to receive one share of Class A common stock. PSUs 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.
/s/ Mark Polemeni, as Attorney-in-Fact
2023-08-04