PJT Partners (PJT) director gains shares through RSU grant and settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PJT Partners director Kenneth C. Whitney reported compensation-related equity transactions. He acquired 1,283 shares of Class A common stock upon settlement of previously granted restricted stock units and received a new award of 800 restricted stock units, each representing a contingent right to one share of Class A common stock. After these transactions, he directly holds 12,106 Class A shares and 5,154 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,283 shares exercised/converted
Mixed
3 txns
Insider
Whitney Kenneth C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,283 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 800 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,283 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,154 shares (Direct, null);
Class A Common Stock — 12,106 shares (Direct, null)
Footnotes (1)
- Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person. Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award. The restricted stock units vest in four substantially equal installments on each of August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. The restricted stock units will be settled on the earlier of the termination of services 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.
Key Figures
Shares acquired via RSU settlement: 1,283 shares
New RSU grant: 800 RSUs
Shares held after transactions: 12,106 shares
+2 more
5 metrics
Shares acquired via RSU settlement
1,283 shares
Class A common stock acquired on June 1, 2026
New RSU grant
800 RSUs
Restricted stock unit award on June 1, 2026
Shares held after transactions
12,106 shares
Class A common stock directly held after June 1, 2026
RSUs held after transactions
5,154 RSUs
Restricted stock units outstanding after June 1, 2026
RSUs exercised
1,283 RSUs
Converted into Class A shares on June 1, 2026
Key Terms
Restricted stock units, contingent right, long-term incentive award, compensation committee
4 terms
Restricted stock units financial
"Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock."
long-term incentive award financial
"Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award."
compensation committee financial
"will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transactions did PJT director Kenneth C. Whitney report on this Form 4?
Kenneth C. Whitney reported acquiring 1,283 PJT Partners Class A shares through settlement of restricted stock units and receiving a new grant of 800 restricted stock units. These are compensation-related awards rather than open-market stock purchases or sales.
How many restricted stock units does Kenneth C. Whitney hold at PJT after this filing?
Following the transactions, Kenneth C. Whitney holds 5,154 restricted stock units tied to PJT Partners Class A common stock. These units represent contingent rights to receive shares in the future, subject to vesting conditions and settlement mechanics described in the filing.
What are the vesting terms of Kenneth C. Whitney’s new PJT restricted stock unit grant?
The new restricted stock units vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. Settlement occurs upon service termination or the fifth anniversary of the grant date, in stock, cash, or both.
How do PJT Partners restricted stock units convert into Class A common stock?
Each PJT Partners restricted stock unit converts into one share of Class A common stock on a one-for-one basis. The units represent contingent rights to receive shares and are typically settled upon vesting under terms set by the company’s compensation committee.
Were there any open-market buys or sells by Kenneth C. Whitney in this PJT Form 4?
The Form 4 shows no open-market purchases or sales by Kenneth C. Whitney. Reported activity consists of restricted stock unit settlement into 1,283 Class A shares and a new grant of 800 restricted stock units, both categorized as equity compensation events.