Form 4: PJT Partners Inc. General Counsel David Travin Exchanges Partnership Units for Cash
SEC Form 4
David Adam Travin, General Counsel of PJT Partners Inc., exchanged 2,500 Partnership Units for cash on February 6, 2025.
Summary
- On February 6, 2025, David Adam Travin, the General Counsel of PJT Partners Inc., exchanged 2,500 Partnership Units of PJT Partners Holdings LP for cash.
- The exchange was settled for cash as determined by the Issuer's Board of Directors.
- Travin still owns 14,749 Partnership Units, with 9,727 of those units subject to time-based vesting conditions through March 1, 2027.
- The original election to exchange the units was submitted on November 23, 2024.
- The price of Class A Common Stock was $176.9933.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider transaction, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The exchange of partnership units has a minimal impact on shareholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 2024-11-23 | Reporting Person submitted an Election to Exchange 2,500 Partnership Units |
| 2025-02-06 | Partnership Units were exchanged for cash |
| 2025-02-07 | Date of report |
| 2027-03-01 | Vesting conditions end for 9,727 Partnership Units |
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