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PJT Partners director receives RSU and share awards

PJT Partners Inc. director James Costos reported equity compensation activity involving restricted stock units.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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Insider Costos James
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 1,929 $0.00 $0.00
Grant/Award Restricted Stock Units 1,200 $0.00 $0.00
Exercise Class A Common Stock 1,929 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 9,691 contracts (Direct); Class A Common Stock — 13,012 shares (Direct)
Footnotes (5)
  1. F1. Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
  2. F2. Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.
  3. F3. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
  4. F4. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.
  5. F5. 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.
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
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."
A long-term incentive award is a form of compensation granted to executives or employees that pays out over several years, often as company stock, stock-like units, or cash tied to future performance goals. Investors care because these awards aim to align management’s interests with shareholder value—like giving a gardener seeds that only grow if they tend the garden well—and they can affect future share counts, reported costs, and the executive team’s motivation to meet long-range targets.
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many PJT (PJT) shares does James Costos hold after this Form 4?
After the reported transactions, James Costos directly holds 13,012 shares of PJT Partners Class A common stock. In addition, he holds 8,491 restricted stock units that may convert into shares in the future, subject to vesting and settlement conditions defined by the company.

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.

How do PJT (PJT) restricted stock units convert into shares for James Costos?
Each restricted stock unit represents a contingent right to receive one share of PJT Partners Class A common stock on a one-for-one basis. Units are settled in stock, cash, or a combination, at the discretion of the compensation committee, after vesting and subject to service conditions.

Did James Costos buy or sell PJT (PJT) shares in the open market?
The Form 4 shows no open-market purchases or sales. It reports an exercise of 1,929 restricted stock units into shares and a grant of 1,200 restricted stock units, both classified as equity compensation and derivative exercise transactions rather than discretionary market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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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*
Costos James
(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)
06/01/2026		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
Class A Common Stock06/01/2026M1,929(1)A(2)13,012D
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(3)06/01/2026M1,929 (4) (4)Class A Stock1,929$08,491D
Restricted Stock Units(3)06/01/2026A1,200 (5) (5)Class A Stock1,200$09,691D
Explanation of Responses:
1. Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
2. Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.
3. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
4. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.
5. 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.
/s/ David K.F. Gillis, Attorney-in-Fact06/03/2026
** 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

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