Form 4: PJT Partners Inc. Director Kievdi Don Cornwell Sells Shares

Director Kievdi Don Cornwell of PJT Partners Inc. reports selling shares of Class A Common Stock in multiple transactions on August 29 and 30, 2024, and donating shares as a charitable gift.

Summary

• Kievdi Don Cornwell, a director of PJT Partners Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 29, 2024, Cornwell sold 10,351 shares of Class A Common Stock at a weighted average price of $123.39, with individual transactions ranging from $123.00 to $123.95.
• An additional 1,235 shares were sold on the same day at a weighted average price of $124.37, with prices ranging from $124.20 to $124.53.
• On August 30, 2024, Cornwell sold 3,999 shares at a weighted average price of $123.21, with prices ranging from $123.03 to $123.55.
• Also on August 30, 2024, Cornwell gifted 2,000 shares of Class A Common Stock as a charitable donation.
• Following these transactions, Cornwell directly owns 2,340 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting stock sales and a charitable donation by a company director. It doesn't inherently convey positive or negative 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 stock sales by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, although charitable donations are generally viewed positively.

Key Dates