PJT Partners CEO Taubman outlines multi-quarter Partnership Unit exchanges
Rhea-AI Filing Summary
PJT Partners Inc. reports that Chairman and CEO Paul J. Taubman has elected to exchange 36,000 Partnership Units under the company’s Exchange Agreement. The transaction will be settled after the company’s fourth quarter 2025 earnings release in February 2026, in either cash or Class A common stock, at the Board of Directors’ election.
Mr. Taubman has also indicated that he intends to elect to exchange up to 36,000 Units in each of the next three quarterly exchange windows. If he exchanges the full amount in each period, the total Units exchanged would represent approximately 2.5% of his total economic ownership in PJT Partners.
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8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 8.01. |
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Pursuant to the terms of the PJT Partners Inc. (the "Company") Exchange Agreement, holders of Partnership Units ("Units") are entitled to present their Units for exchange on a quarterly basis. Paul J. Taubman, the Company's Chairman and CEO, has submitted an election to exchange 36,000 Units in connection with the current quarterly exchange. This exchange will be settled after the Company's fourth quarter 2025 earnings release in February 2026 in either cash or the Company's Class A Common Stock, at the election of the Company's Board of Directors.
In addition, Mr. Taubman has informed the Company that he intends to elect to exchange up to 36,000 Units in each of the subsequent three quarterly exchange windows. In the event that Mr. Taubman were to exchange the full 36,000 Units in each of the successive three periods, the total Units exchanged, as set forth herein, would represent approximately 2.5% of his total economic ownership in the Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PJT Partners Inc. |
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By: |
/s/ David A. Travin |
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Name: David A. Travin |
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Title: General Counsel |
Date: November 26, 2025