4/A: WisdomTree CEO Jonathan Steinberg Acquires Performance-Based Restricted Stock Units
SEC Form 4/A
Jonathan Steinberg, CEO of WisdomTree, Inc., reports the acquisition of performance-based restricted stock units (PRSUs) that vest in 2028.
Summary
- Jonathan L Steinberg, CEO of WisdomTree, Inc., filed an amended Form 4 on February 12, 2025, regarding changes in beneficial ownership.
- The report details the acquisition of 160,604 performance-based restricted stock units (PRSUs) on January 25, 2025.
- These PRSUs vest on January 25, 2028, and each unit represents the right to receive one share of WisdomTree common stock.
- The number of shares issued will range from 0% to 200% of the target number of PRSUs.
- The amendment updates the target number of PRSUs to reflect the grant date fair market value as determined by an independent valuation consultant.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and alignment of management interests with company performance.
Future Outlook
The number of shares of Common Stock to be issued will range between 0% and 200% of the target number of PRSUs, depending on performance criteria to be met by January 25, 2028.
Industry Context
This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.
Stakeholder Impact
- The acquisition of PRSUs aligns management's interests with shareholders, incentivizing performance and value creation.
Key Dates
| Date | Description |
|---|---|
| 01/25/2025 | Date of earliest transaction: Acquisition of Performance-Based Restricted Stock Units |
| 01/25/2028 | Scheduled vesting date of the PRSUs |
| 01/27/2025 | Date of Original Filed |
| 02/12/2025 | Date of Amendment filing |
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