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PJT Partners (PJT) director acquires Class A shares through RSU settlement

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

Rhea-AI Filing Summary

PJT Partners Inc. director Cornwell Kievdi Don reported acquiring Class A common stock through the settlement and conversion of restricted stock units. On March 2, 2026, 18,865 shares of Class A common stock were acquired as restricted stock units converted on a one-for-one basis, with remaining units vesting through March 1, 2027.

Positive

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Negative

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Insider Cornwell Kievdi Don
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 10,038 $0.00 --
Exercise Restricted Stock Units 8,827 $0.00 --
Exercise Class A Common Stock 10,038 $0.00 --
Exercise Class A Common Stock 8,827 $0.00 --
Holdings After Transaction: Restricted Stock Units — 37,329 shares (Direct); Class A Common Stock — 17,883 shares (Direct)
Footnotes (1)
  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. Restricted stock units granted by the Issuer to the Reporting Person as long-term incentive awards. Represents restricted stock units subject to time-based vesting conditions through March 1, 2027. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Cornwell Kievdi Don
(Last) (First) (Middle)
280 PARK AVENUE
(Street)
NEW YORK NY 10017
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PJT Partners Inc. [ PJT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Common Stock 03/02/2026 M 10,038(1) A (2) 17,883 D
Class A Common Stock 03/02/2026 M 8,827(1) A (2) 26,710 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 03/02/2026 M 10,038 (3) (3) Class A Common Stock 10,038 $0 37,329 D
Restricted Stock Units (2) 03/02/2026 M 8,827 (4) (4) Class A Common Stock 8,827 $0 28,502 D
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. Restricted stock units granted by the Issuer to the Reporting Person as long-term incentive awards. Represents restricted stock units subject to time-based vesting conditions through March 1, 2027.
4. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.
/s/ David K.F. Gillis, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PJT (PJT) disclose for Cornwell Kievdi Don?

PJT Partners Inc. disclosed that director Cornwell Kievdi Don acquired Class A common stock on March 2, 2026 through the exercise and settlement of restricted stock units. These transactions reflect derivative conversions rather than open-market purchases or sales, increasing his directly held Class A common stock position.

How many PJT Partners Class A shares were acquired in this Form 4 filing?

The Form 4 shows 18,865 shares of PJT Partners Inc. Class A common stock acquired on March 2, 2026. These shares resulted from the conversion of restricted stock units on a one-for-one basis, as the awards settled into common stock for director Cornwell Kievdi Don.

What role do restricted stock units play in this PJT (PJT) insider filing?

Restricted stock units are central to this filing, as they were granted to Cornwell Kievdi Don as long-term incentive awards. The units convert into Class A common stock on a one-for-one basis and are subject to time-based vesting conditions, with some vesting through March 1, 2027.

Were PJT Partners (PJT) restricted stock units converted into shares at a cash cost?

The reported conversions from restricted stock units into Class A common stock show a transaction price per share of $0.0000. This indicates the awards settled without additional cash paid per share by Cornwell Kievdi Don upon the derivative exercise and conversion of the units.

What vesting schedule is disclosed for PJT Partners restricted stock units in this filing?

The filing states that certain restricted stock units granted to Cornwell Kievdi Don as long-term incentive awards are subject to time-based vesting conditions through March 1, 2027. As these vest, they convert into an equal number of PJT Partners Class A common shares on a one-for-one basis.

Does this PJT (PJT) Form 4 reflect a buy or a derivative conversion?

This Form 4 reflects derivative exercises and conversions, not open-market buying or selling. The transactions are coded "M" and described as the exercise or conversion of restricted stock units into PJT Partners Class A common stock, increasing Cornwell Kievdi Don’s directly held share count.