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PJT Partners (PJT) director receives 8 dividend-linked restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Whitney Kenneth C reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. director Kenneth C. Whitney received a small compensation-related award of derivative securities. He was granted 8 restricted stock units that each represent a contingent right to receive one share of PJT Class A common stock. These units arise as dividend equivalent rights tied to existing restricted stock units and will vest at the same time as the underlying awards. Following this grant, Whitney directly holds 5,962 derivative restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Whitney Kenneth C
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 8 $0.00 --
Holdings After Transaction: Restricted Stock Units — 5,962 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock. Represents dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.
RSUs granted 8 restricted stock units Dividend equivalent grant on Class A common stock
RSUs after transaction 5,962 restricted stock units Holdings following grant to Kenneth C. Whitney
Grant price $0.0000 per unit Compensation award, not open-market purchase
Underlying shares 8 Class A common shares Each RSU represents right to one share
Transaction date 2026-06-17 Grant of dividend equivalent RSUs
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Represents dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in restricted stock units."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Class A common stock financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Whitney Kenneth C
(Last)(First)(Middle)
280 PARK AVENUE
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PJT Partners Inc. [ PJT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/17/2026A(2)8 (2) (2)Class A Common Stock8$05,962D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
2. Represents dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.
David K.F. Gillis, Attorney-in-Fact06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PJT (PJT) director Kenneth C. Whitney report?

Kenneth C. Whitney reported receiving 8 restricted stock units as a compensation-related award. These units are dividend equivalent rights linked to existing restricted stock units and convert into PJT Class A common shares upon vesting on the same schedule as the underlying awards.

Is the PJT (PJT) Kenneth C. Whitney Form 4 transaction a buy or a grant?

The transaction is a grant, not an open-market purchase. Whitney acquired 8 restricted stock units as a grant or award, classified as derivative securities, rather than buying PJT shares on the market for cash consideration.

How many PJT (PJT) restricted stock units does Kenneth C. Whitney hold after this filing?

After this grant, Kenneth C. Whitney holds 5,962 restricted stock units. Each unit represents a contingent right to receive one share of PJT Class A common stock, subject to the vesting conditions that apply to the underlying restricted stock unit awards.

What do the dividend equivalent restricted stock units mean for PJT (PJT) director Kenneth C. Whitney?

The dividend equivalent restricted stock units give Whitney 8 additional units that mirror PJT dividends. These units accrue as restricted stock units and vest at the same time as the underlying restricted stock units, ultimately delivering PJT Class A common shares if vesting conditions are satisfied.

Are there any open-market share sales or purchases by Kenneth C. Whitney in this PJT (PJT) Form 4?

There are no open-market sales or purchases reported. The Form 4 only shows a grant or award acquisition of 8 restricted stock units as dividend equivalent rights, with no cash-based trading activity in PJT Class A common stock disclosed.