Form 4: PJT Partners Inc. Director Cornwell Kievdi Don Reports Acquisition of Restricted Stock Units

Director Cornwell Kievdi Don reports acquisition of 2,076 Restricted Stock Units in PJT Partners Inc.

Summary

• On June 3, 2024, Cornwell Kievdi Don, a director of PJT Partners Inc., acquired 2,076 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of Issuer Class A common stock each.
• The RSUs vest in four substantially equal installments on August 31, 2024, November 30, 2024, February 28, 2025, and May 31, 2025.
• The RSUs will be settled on the earlier of the termination of services of such director or the fifth anniversary of the grant date.
• Settlement will be in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
• Following the transaction, Cornwell Kievdi Don beneficially owns 73,178 securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing related to stock unit grants. It doesn't inherently indicate positive or negative sentiment, but rather transparency in insider transactions.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units will be settled on the earlier of the termination of services of such director or the fifth anniversary of the grant date and will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates