Form 4: PJT Partners Inc. Director James Costos Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director James Costos reports acquisition of restricted stock units in PJT Partners Inc. due to dividend equivalent rights.
Summary
- On September 18, 2024, James Costos, a director of PJT Partners Inc., acquired 20 restricted stock units (RSUs) representing dividend equivalent rights.
- These RSUs are connected to the Issuer's dividend and will vest at the same time as the underlying restricted stock units.
- Following this transaction, Costos directly owns 10,796 derivative securities.
- The report was filed on September 20, 2024.
Sentiment
Score: 7
Explanation: The document reports a routine transaction (acquisition of restricted stock units due to dividend equivalent rights) by a company director, which is generally neutral to slightly positive as it reflects continued alignment of interests.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of transaction: James Costos acquired restricted stock units. |
| 09/20/2024 | Date of filing: Form 4 was filed. |
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