PJT Partners (PJT) director adds shares and 1,200 RSUs in equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. director James Costos reported equity compensation activity involving restricted stock units. On June 1, 2026, 1,929 restricted stock units were exercised and settled into 1,929 shares of Class A common stock, and he received a new grant of 1,200 restricted stock units as a long-term incentive award. Following these transactions, he holds 13,012 shares of Class A common stock directly and 8,491 restricted stock units, which are scheduled to vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,929 shares exercised/converted
Mixed
3 txns
Insider
Costos James
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,929 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,200 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,929 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,491 shares (Direct, null);
Class A Common Stock — 13,012 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
RSUs exercised into shares: 1,929 shares
New RSU grant: 1,200 restricted stock units
Shares held after transactions: 13,012 shares
+3 more
6 metrics
RSUs exercised into shares
1,929 shares
Class A common stock acquired on June 1, 2026
New RSU grant
1,200 restricted stock units
Long-term incentive award on June 1, 2026
Shares held after transactions
13,012 shares
Class A common stock directly owned after June 1, 2026
RSUs outstanding after transactions
8,491 restricted stock units
Derivative holdings after June 1, 2026
RSU vesting dates
Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; May 31, 2027
Four substantially equal installments
RSU conversion ratio
1 RSU = 1 share
Each unit represents one share of Class A common stock
Key Terms
restricted stock units, long-term incentive award, contingent right, vest, +1 more
5 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.
long-term incentive award financial
"Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock."
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"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."
FAQ
What insider transactions did PJT (PJT) director James Costos report?
Director James Costos reported equity compensation activity, including the exercise of 1,929 restricted stock units into Class A shares and a new grant of 1,200 restricted stock units. These transactions reflect routine long-term incentive awards rather than open-market buying or selling.
What restricted stock unit grants did PJT (PJT) report for James Costos?
PJT Partners reported that James Costos received a grant of 1,200 restricted stock units as a long-term incentive award. Each unit represents a contingent right to receive one share of Class A common stock, subject to vesting terms and settlement in stock or cash at the company’s discretion.
When do James Costos’s PJT (PJT) restricted stock units vest?
The restricted stock units reported for James Costos vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. Settlement occurs on the earlier of service termination or the fifth anniversary of the grant date.