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 March 20, 2024, James Costos, a director of PJT Partners Inc., acquired restricted stock units (RSUs) representing a contingent right to receive Class A common stock.
- The acquisition of 30 RSUs is due to dividend equivalent rights accruing to the reporting person.
- Following the transaction, Costos beneficially owns 11,741 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction related to dividend equivalent rights, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted stock units by a director may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: James Costos acquired restricted stock units. |
| 03/22/2024 | Date of signature: Form 4 signed by David K.F. Gillis, as Attorney-in-Fact. |
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