Form 4: PJT Partners Inc. Managing Partner Ji-Yeun Lee Reports Acquisition of Restricted Stock Units

Ji-Yeun Lee, a Managing Partner at PJT Partners Inc., reported the acquisition of 108 restricted stock units representing a contingent right to receive Class A common stock, as well as dividend equivalent rights.

Summary

• On June 20, 2024, Ji-Yeun Lee, a Managing Partner at PJT Partners Inc. [PJT], acquired 108 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
• These units also include dividend equivalent rights that accrue to the reporting person and vest at the same time as the underlying restricted stock units.
• Following this transaction, Lee directly owns 46,505 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects an insider's acquisition of company stock, suggesting confidence, but it's a routine filing.

Positives

• The acquisition of restricted stock units by a managing partner signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The acquisition of restricted stock units by a managing partner could positively influence shareholder sentiment.

Key Dates