Form 4: PJT Partners Inc. General Counsel Receives Dividend Equivalent Rights in Restricted Stock Units
SEC Form 4 Filing
David Adam Travin, General Counsel of PJT Partners Inc., reports the acquisition of dividend equivalent rights in restricted stock units.
Summary
- On March 20, 2024, David Adam Travin, the General Counsel of PJT Partners Inc., acquired dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.
- These rights are represented by 51 restricted stock units, each representing a contingent right to receive one share of Issuer Class A common stock.
- Following this transaction, Travin directly owns 19,521 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the transaction: acquisition of dividend equivalent rights in restricted stock units. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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