James Costos - Jun 1, 2023 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Director
Signature
/s/ David K.F. Gillis, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 05:30 PM
Previous filing
Mar 24, 2023
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PJT Class A Common Stock Options Exercise +2.55K +44.12% 8.32K Jun 1, 2023 Direct F1, F2

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 Options Exercise $0 -2.55K -21.89% $0.00 9.08K Jun 1, 2023 Class A Common Stock 2.55K Direct F3, F4
transaction PJT Restricted Stock Units Award $0 +2.52K +27.76% $0.00 11.6K Jun 1, 2023 Class A Common Stock 2.52K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
F2 Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
F4 Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award, which vest in four equal annual installments.
F5 The restricted stock units vest in four substantially equal installments on each of August 31, 2023, November 30, 2023, February 28, 2024 and May 31, 2024. The restricted stock units will be settled on the earlier of the termination of service of such director or the fifth anniversary of the grant date and will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.