Kievdi Don Cornwell - Jan 20, 2023 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Director
Signature
David K.F. Gillis, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
Jan 20, 2023
Transactions value $
$0
Form type
4
Date filed
1/23/2023, 04:11 PM
Previous filing
Jan 20, 2023
Next filing
Feb 10, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PJT Restricted Stock Units Award $0 +1.3K +1.56% $0.00 84.8K Jan 20, 2023 Class A Common Stock 1.3K Direct F1, F2
transaction PJT Restricted Stock Units Award $0 +1.05K +1.24% $0.00 85.9K Jan 20, 2023 Class A Common Stock 1.05K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock.
F2 Subject to continued service, the restricted stock units vest in substantially equal installments on each of the first four anniversaries of the grant date, with vesting accelerated upon death, disability or a change in control of the Issuer. Upon vesting, the restricted stock units will be settled on the earliest of the termination of service, the fourth anniversary of the grant date, and a change in control of the Issuer, and will be settled in either shares of the Issuer's Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's Compensation Committee.
F3 Subject to continued service, the restricted stock units vest in two substantially equal installments on each of February 28, 2023 and May 31, 2023, with vesting accelerated upon death, disability or a change in control of the Issuer. Upon vesting, the restricted stock units will be settled on the earliest of the termination of service, the fifth anniversary of the grant date, and a change in control of the Issuer, and will be settled in either shares of the Issuer's Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's Compensation Committee