Form 4: PJT Partners Director Emily Rafferty Reports Routine Stock and RSU Transactions

PJT Partners Inc. Director Emily K. Rafferty has reported the settlement of previously granted restricted stock units into Class A common stock and the acquisition of new restricted stock units, as detailed in a recent SEC Form 4 filing.

Summary

• Emily K. Rafferty, a Director at PJT Partners Inc. (PJT), reported transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
• On June 2, 2025, Ms. Rafferty acquired 1,723 shares of Class A Common Stock upon the settlement of a previously granted restricted stock unit award.
• Following this transaction, Ms. Rafferty directly beneficially owns 9,127 shares of Class A Common Stock.
• Concurrently, 1,723 Restricted Stock Units were disposed of as they converted into Class A Common Stock.
• Additionally, Ms. Rafferty was granted 833 new Restricted Stock Units on June 2, 2025.
• These new RSUs will vest in four substantially equal installments on August 31, 2025, November 30, 2025, February 28, 2026, and May 31, 2026.
• The RSUs represent a contingent right to receive one share of Class A Common Stock each and will be settled in Class A Common Stock or cash (or a combination) at the discretion of the Issuer's compensation committee.
• After these transactions, Ms. Rafferty directly beneficially owns 6,656 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to compensation (RSU settlement and grant). These are expected disclosures and do not inherently indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The document outlines the vesting schedule for newly granted Restricted Stock Units, indicating future share issuances or cash settlements based on the discretion of the Issuer's compensation committee.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions, common across all publicly traded companies. It reflects standard compensation practices for directors, often involving restricted stock units as a long-term incentive component.

Related Party Transactions

• The transactions involve the grant and settlement of equity awards to a director, which are considered related party transactions as part of executive and director compensation.

Stakeholder Impact

• Shareholders: The issuance of shares from RSU settlements can lead to minor dilution, though this is a standard part of equity compensation plans. The grant of new RSUs aligns the director's interests with long-term shareholder value.

Next Steps

• The newly granted 833 Restricted Stock Units will vest in four substantially equal installments on August 31, 2025, November 30, 2025, February 28, 2026, and May 31, 2026.
• Settlement of the new RSUs will occur on the earlier of the termination of the director's services or the fifth anniversary of the grant date.

Key Dates

Keywords

PJT Partners, PJT, Emily K Rafferty, Form 4, SEC Filing, Insider Transaction, Restricted Stock Units, RSU, Class A Common Stock, Director Compensation, Equity Compensation