Form 4: PJT Partners Director James Costos Reports Stock Transactions
Insider Transaction Report
Director James Costos of PJT Partners Inc. has reported transactions involving the acquisition and disposition of Class A Common Stock and Restricted Stock Units.
Summary
- Director James Costos acquired 1,929 shares of Class A Common Stock upon the settlement of restricted stock units.
- These restricted stock units convert into Class A common stock on a one-for-one basis.
- Following these transactions, Costos beneficially owns 13,012 shares of Class A Common Stock.
- Additionally, Costos acquired 1,200 restricted stock units which vest in installments through May 31, 2027.
- These units will be settled in Class A common stock or cash at the discretion of the compensation committee.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions and vesting of previously granted awards, without immediate implications for the company's financial performance or strategic direction.
Positives
- Director James Costos's beneficial ownership of PJT Partners Inc. stock remains significant.
- The acquisition of restricted stock units indicates continued long-term incentive alignment for the director.
Future Outlook
Restricted stock units acquired by Director James Costos are scheduled to vest in installments through May 31, 2027, and will be settled in Class A common stock or cash.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing indicates continued engagement and incentive alignment for a key executive within the investment banking sector.
Stakeholder Impact
- Shareholders: Increased transparency regarding director's stock holdings and compensation structure.
- Employees: The vesting of restricted stock units reinforces the company's use of equity-based compensation to incentivize long-term performance.
Next Steps
- Vesting of restricted stock units on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027.
- Settlement of restricted stock units on the earlier of service termination or the fifth anniversary of the grant date.
Key Dates
| Date | Description |
|---|---|
| 06/01/2026 | Earliest transaction date reported and date of acquisition of Class A Common Stock upon settlement of RSUs. |
| 08/31/2026 | First installment vesting date for a portion of the newly acquired restricted stock units. |
| 11/30/2026 | Second installment vesting date for a portion of the newly acquired restricted stock units. |
| 02/28/2027 | Third installment vesting date for a portion of the newly acquired restricted stock units. |
| 05/31/2027 | Final installment vesting date for a portion of the newly acquired restricted stock units. |
| 06/03/2026 | Date of filing for the Form 4. |
Keywords
PJT Partners Inc., Form 4, SEC Filing, Director Transactions, Stock Acquisition, Restricted Stock Units, Beneficial Ownership, Class A Common Stock
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