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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 26, 2025

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PJT Partners Inc.
(Exact name of registrant as specified in its charter)

Delaware	001-36869	36-4797143
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
280 Park Avenue New York, New York		10017
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 364-7800

Not Applicable
(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
☐	Pre‑commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
☐	Pre‑commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:
 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.01 per share		PJT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

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.
By:	/s/ David A. Travin
	Name: David A. Travin
	Title: General Counsel

Date: November 26, 2025

FAQ

What did PJT Partners (PJT) announce about Paul J. Taubman’s Partnership Units?

PJT Partners announced that Chairman and CEO Paul J. Taubman has elected to exchange 36,000 Partnership Units in the current quarterly exchange window under the company’s Exchange Agreement.

When will Paul J. Taubman’s current 36,000 Unit exchange be settled at PJT?

The exchange of 36,000 Units for Paul J. Taubman will be settled after PJT Partners’ fourth quarter 2025 earnings release in February 2026.

Will the PJT Partners Unit exchange be settled in cash or stock?

PJT Partners states that the exchange will be settled in either cash or in Class A common stock, at the election of the Board of Directors.

Does Paul J. Taubman plan additional future exchanges of PJT Partnership Units?

Yes. Mr. Taubman has informed PJT Partners that he intends to elect to exchange up to 36,000 Units in each of the subsequent three quarterly exchange windows.

What portion of Paul J. Taubman’s PJT ownership could these exchanges represent?

If Paul J. Taubman exchanges the full 36,000 Units in each of the three successive quarterly periods, the total Units exchanged as described would represent approximately 2.5% of his total economic ownership in PJT Partners.

What is the Exchange Agreement referenced by PJT Partners?

Under the PJT Partners Exchange Agreement, holders of Partnership Units are entitled to present their Units for exchange on a quarterly basis, which is the mechanism Mr. Taubman is using for these planned exchanges.