PJT.NYSEPjt Partners INC

Form 4: PJT Partners CEO Paul Taubman Exchanges Partnership Units for Cash

Sentiment:

SEC Form 4 Filing

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Paul Taubman, Chairman and CEO of PJT Partners, exchanged 90,000 Partnership Units for cash on February 6, 2025, according to a recent SEC filing.

Summary

  • Paul Taubman, Chairman and CEO of PJT Partners, executed a transaction involving Partnership Units of PJT Partners Holdings LP.
  • On February 6, 2025, Taubman exchanged 90,000 Partnership Units for cash.
  • This exchange was part of a previously disclosed plan to exchange up to 90,000 Partnership Units in each of the Issuer's subsequent three quarterly exchange windows.
  • The exchange was settled for cash, as determined by the Issuer's Board of Directors.
  • Following the reported transaction, Taubman beneficially owns 5,730,000 Partnership Units, with 600,000 of these units remaining subject to time-based vesting conditions through March 1, 2027.

Sentiment

Score: 5

Explanation: The document describes a routine transaction. It is neither particularly positive nor negative.

Future Outlook

The document indicates that Paul Taubman may continue to exchange Partnership Units in future quarterly exchange windows, as previously disclosed.

Industry Context

This filing reflects routine transactions by company insiders and is a normal part of corporate governance and executive compensation.

Key Dates

DateDescription
June 3, 2024Issuer disclosed Reporting Person's intention to elect to exchange up to 90,000 Partnership Units in the Issuer's current quarterly exchange window and in each of the Issuer's subsequent three quarterly exchange windows.
December 4, 2024Reporting Person submitted an Election to Exchange 90,000 Partnership Units.
February 6, 2025Reporting Person's 90,000 Partnership Units were exchanged for cash.
February 7, 2025Date of signature for the SEC filing.
March 1, 2027Date through which 600,000 Partnership Units remain subject to time-based vesting conditions.

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