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