Form 4: Perella Weinberg Partners Chairman Peter Weinberg Reports Stock Disposals for Tax Obligations

Peter Weinberg, Chairman of Perella Weinberg Partners, reported the disposal of Class A common stock to cover tax obligations related to vesting and retirement eligibility.

Summary

• Peter Weinberg, Chairman of Perella Weinberg Partners, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 29, 2023, 3,895 shares of Class A common stock were disposed of to cover tax withholding obligations related to his retirement eligibility at a price of $12.44 per share.
• On January 21, 2025, 70,239 shares of Class A common stock were disposed of to cover tax withholding obligations related to the vesting of service-based and performance-based restricted stock units at a price of $25.76 per share.
• Following these transactions, Mr. Weinberg directly owns 2,044,698 shares of Class A common stock and indirectly owns 560,621 shares through Red Hook Capital LLC.
• The report also corrects an underreporting of 3,895 shares in previous filings.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing stock transactions by an insider. It does not indicate any significant positive or negative sentiment, but the increase in share price between the two transactions is a positive sign.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions and holdings. This filing is typical for executives who receive stock-based compensation.

Comparison to Industry Standards

• The transactions are typical for executives at publicly traded companies who receive stock-based compensation.
• Similar filings are common among financial services firms, such as Goldman Sachs, Morgan Stanley, and JP Morgan Chase, where executives often receive stock options and restricted stock units as part of their compensation packages.
• The disposal of shares to cover tax obligations is a standard practice, and the reported prices are consistent with market values at the time of the transactions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Disposal, Tax Withholding, Perella Weinberg Partners, Peter Weinberg, Class A Common Stock, Red Hook Capital LLC, Vesting, Retirement Eligibility