PJT Partners director awarded 9 RSUs

PJT director Emily K. Rafferty received 9 dividend-equivalent RSUs, increasing her directly held restricted stock units to 5,971.

Rhea-AI Filing Summary

PJT Partners Inc. (PJT) reported that director Emily K. Rafferty acquired 9 Restricted Stock Units on September 16, 2026 as a grant or award. Each unit represents a contingent right to receive one share of Class A common stock, bringing her directly held RSU balance to 5,971 units. The filing indicates these units are dividend equivalent rights that will vest at the same time as the underlying restricted stock units, and no Rule 10b5-1 trading plan is affirmed.

Insider Trade Summary

Grant/Award: 9 shares

Grant/Award 1 txn

Insider Rafferty Emily K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	9	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 5,971 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
2. F2. 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: 9 units RSUs following transaction: 5,971 units RSU grant price: $0.0000 per unit +1 more

4 metrics

RSUs granted 9 units Restricted Stock Units granted to Emily K. Rafferty on September 16, 2026

RSUs following transaction 5,971 units Total directly held Restricted Stock Units after the award

RSU grant price $0.0000 per unit Reported price per Restricted Stock Unit for the award

Underlying shares 9 shares Class A common stock underlying the 9 Restricted Stock Units

Key Terms

Restricted Stock Units, dividend equivalent rights, Class A common stock

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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

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

What insider transaction did PJT director Emily K. Rafferty report on this Form 4 for PJT?

Emily K. Rafferty reported the grant of 9 Restricted Stock Units on September 16, 2026. These RSUs are dividend equivalent rights linked to PJT Class A common stock and increase her directly held RSU balance.

How many Restricted Stock Units does Emily K. Rafferty hold in PJT after this transaction?

After the reported grant, Emily K. Rafferty holds 5,971 Restricted Stock Units directly. Each unit represents a contingent right to receive one share of PJT Class A common stock, subject to the applicable vesting conditions.

What is the nature of the 9 PJT RSUs granted to Emily K. Rafferty?

The 9 RSUs are dividend equivalent rights that accrue in connection with PJT’s dividend. They are credited as restricted stock units and will vest at the same time or times as the underlying restricted stock units to which they relate.

Does the reported PJT Form 4 transaction involve a cash purchase or sale of shares?

No. The Form 4 reports a grant/award acquisition of 9 Restricted Stock Units with a stated price of $0.0000 per unit, reflecting an equity award rather than an open-market purchase or sale of PJT shares.

Was Emily K. Rafferty’s PJT Form 4 transaction under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the transaction was made pursuant to a Rule 10b5-1 trading plan, so no such plan is reported for this grant.

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

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Available on EDGAR 09/18/2026 - 05:00 PM EDT Accepted by SEC EDGAR 09/18/2026 - 05:00 PM EDT Learn about SEC filing dates

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^*

Rafferty Emily K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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	(1)	09/16/2026		A(2)		9		(2)	(2)	Class A Common Stock	9	$0	5,971	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.

2. 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.

	David K.F. Gillis, Attorney-in-Fact	09/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)