Form 4: WisdomTree Executive William Peck Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units

William Bradley Peck, Head of Digital Assets at WisdomTree, Inc., reports the vesting of performance-based restricted stock units and subsequent stock transactions.

Summary

• On January 27, 2025, William Bradley Peck, Head of Digital Assets at WisdomTree, Inc., reported transactions related to the vesting of performance-based restricted stock units (PRSUs).
• A total of 25,610 shares were acquired upon the vesting of the PRSUs.
• 11,079 shares were withheld by the issuer to cover withholding taxes.
• Following these transactions, Peck beneficially owns 223,569 shares of WisdomTree, Inc.
• The PRSUs, granted on January 25, 2022, vested based on WisdomTree's total shareholder return (TSR) relative to a peer group over a three-year period.
• The Relative TSR measured in the 92nd percentile, resulting in the vesting of 200% of the target number of PRSUs.

Sentiment

Score: 7

Explanation: The document indicates strong performance relative to peers, leading to full vesting of performance-based equity. This is generally a positive signal, though the filing itself is a routine disclosure.

Positives

• The vesting of PRSUs at 200% of the target number indicates strong performance by WisdomTree relative to its peer group.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. The vesting of PRSUs based on TSR is a typical incentive mechanism to align executive interests with shareholder value.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among publicly traded companies to incentivize executives and align their interests with those of shareholders.
• The use of TSR relative to a peer group as a vesting condition is a standard approach to measure performance against industry benchmarks.
• The vesting of 200% of the target number of PRSUs suggests that WisdomTree's TSR significantly outperformed its peer group over the three-year performance period.
• Comparable companies that also use TSR-based vesting include asset managers like BlackRock, Invesco, and Franklin Resources.

Stakeholder Impact

• Shareholders may view the vesting of PRSUs at 200% of the target as a positive sign, indicating strong management performance and alignment with shareholder interests.

Key Dates