Robert K Steel

Robert K Steel (Director) sold 100,000 shares of PWP at $15.76 on 2026-06-12; current price $16.49, down -10.0% in 30 days.

Robert K Steel sold 100,000 shares (100.0K shares) at $15.76, reducing his holdings by 25.8% to 287,922 shares (287.9K shares). The sale occurred at a price -36.4% from the 52-week high of $25.92, and the stock has declined -10.0% over the 30 days following the transaction. His prior trades at PWP show mixed timing: 3 of 5 prior sells achieved negative 90-day returns (well-timed), but his two most recent 2025 sales in June generated positive 90-day returns (+18.1% and +13.9%), suggesting later trades into strength. The company faces headwinds with annual revenue growth of -14.5% and net income of only $1.5M on revenue of $148.9M, warranting attention to whether this sale reflects concerns about operational performance or merely portfolio rebalancing at reduced valuations.

Director Steel sells 211,882 shares over 3 days (Sep 9–11) for $4,661,285.47; exits 68.2% of holdings

Robert K. Steel, a director at Perella Weinberg Partners, executed 3 separate sales totaling 211,882 shares for $4,661,285.47 between September 9 and 11, 2025, reducing his holdings from 310,654 to 98,772 shares (a 68.2% reduction). The blended average sale price was $22.00, while the current stock price stands at $22.67, meaning the director sold slightly below current levels. Historically, Steel's prior sales at PWP have been poorly timed: all 3 of his recent prior trades at this ticker showed positive 90-day returns (ranging from +26.4% to +28.4%), indicating the stock rallied after each sale. His cross-ticker track record shows a 0.00% well-timed rate across 3 prior sells with positive average 90-day returns, suggesting this pattern of selling ahead of near-term strength is consistent. The company's fundamentals remain mixed: revenue grew 35.4% year-over-year to $155.3M last quarter, but the firm was unprofitable over its most recent full fiscal year, and recent quarterly net income was only $2.7M on that higher revenue base.

Director Robert K Steel sells 196,196 shares of PWP for $3.4M across 3 transactions; reduces stake by 60.7%

Robert K Steel, a director at Perella Weinberg Partners, executed 3 separate sales between May 29 and June 2, 2025, disposing of 196,196 shares for $3,435,076.36 at a blended average price of $17.51. This sale reduces his post-transaction holdings to 126,986 shares from a pre-transaction position of 323,182 shares, representing a 60.7% reduction in his shareholding. The current stock price of $17.49 stands 33.8% below the 52-week high of $26.41, having declined 17.0% over the past 90 days, suggesting the sales occurred during a period of downward price momentum. The company reported positive recent quarterly results (revenue $211,831,000.00, net income $17,339,000.00) and strong annual growth of 35.4%, though full-year performance was unprofitable, which may warrant examination of the timing and breadth of this substantial stake reduction.