Form 4: PJT Partners Inc. Director Kievdi Don Cornwell Reports Stock Transactions

Director Kievdi Don Cornwell reports acquisition of 1,002 shares of PJT Partners Inc. Class A Common Stock upon settlement of restricted stock units.

Summary

• On May 6, 2024, Kievdi Don Cornwell, a director of PJT Partners Inc., acquired 1,002 shares of Class A Common Stock.
• This acquisition resulted from the settlement of restricted stock units (RSUs).
• Following the transaction, Cornwell directly owns 18,587 shares of Class A Common Stock.
• Cornwell also holds 71,102 restricted stock units, which convert into Class A common stock on a one-for-one basis and vest on various dates through 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activities.

Future Outlook

The reporting person holds restricted stock units that are scheduled to vest on various dates through 2027, indicating continued long-term incentive alignment with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of shares through previously granted restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence as it demonstrates a director's continued investment in the company.

Key Dates