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

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	+1,301	+1.6%	$0.000000	84,806	20 Jan 2023	Class A Common Stock	1,301		Direct	F1, F2
transaction	PJT	Restricted Stock Units	Award	$0	+1,054	+1.2%	$0.000000	85,860	20 Jan 2023	Class A Common Stock	1,054		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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