PJT Partners (PJT) CFO granted 21 RSUs as dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meates Helen T reported acquisition or exercise transactions in this Form 4 filing.
PJT Partners Inc. Chief Financial Officer Helen T. Meates reported a compensation-related equity grant. She received 21 restricted stock units (RSUs) as dividend equivalent rights tied to the company’s dividend, with each RSU representing one share of Class A common stock. Following this award, she holds 13,382 RSUs directly, and no open-market buying or selling was reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meates Helen T
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 21 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 13,382 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs granted: 21 restricted stock units
RSU holdings after transaction: 13,382 RSUs
Grant price per RSU: $0.0000 per unit
+1 more
4 metrics
RSUs granted
21 restricted stock units
Dividend equivalent rights grant on Class A common stock
RSU holdings after transaction
13,382 RSUs
Total restricted stock units held directly after grant
Grant price per RSU
$0.0000 per unit
Compensation-related award, not an open-market purchase
Underlying shares
21 shares Class A common stock
Each RSU equals one PJT Class A common share
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A common stock
3 terms
Restricted Stock Units financial
"The CFO received 21 restricted stock units (RSUs) as dividend equivalent rights"
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"
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.
FAQ
What insider transaction did PJT CFO Helen T. Meates report on this Form 4 for PJT?
Helen T. Meates reported receiving 21 restricted stock units as a grant. These RSUs were issued as dividend equivalent rights that mirror PJT’s dividend and convert into Class A common stock.
How many PJT Partners restricted stock units were granted to the CFO in this filing?
The CFO received 21 restricted stock units in this filing. These units arise from dividend equivalent rights and vest on the same schedule as the underlying restricted stock units already held.
What does each PJT Partners RSU reported by the CFO represent for investors?
Each restricted stock unit represents the right to receive one share of PJT Class A common stock. This means the 21 new RSUs reported can ultimately settle in 21 shares when they vest and are delivered.
How many PJT Partners RSUs does the CFO hold after this transaction?
After this transaction, Helen T. Meates holds 13,382 restricted stock units. This figure reflects her direct RSU position following the 21-unit dividend equivalent award disclosed in the Form 4.
Were the PJT Partners RSUs granted to the CFO an open-market purchase or a compensation award?
The RSUs were a compensation-related award, not an open-market purchase. They are dividend equivalent rights that accrue in restricted stock units and vest along with the underlying RSU grants.