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 June 20, 2024, James Costos, a director of PJT Partners Inc., acquired 21 restricted stock units (RSUs) representing dividend equivalent rights.
- These RSUs are contingent rights to receive one share of Issuer Class A common stock each and vest at the same time as the underlying restricted stock units.
- Following the transaction, Costos directly owns 10,776 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The acquisition of restricted stock units by a director may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: James Costos acquired restricted stock units. |
| 06/24/2024 | Date of report filing. |
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