PJT Insider Update: CFO Adds 39 Restricted Units at $0 Cost

Rhea-AI Filing Summary

PJT Partners Inc. – Form 4 filing (06/20/2025)

Chief Financial Officer Helen T. Meates reported a routine equity accrual on 06/18/2025. The officer received 39 restricted stock units (RSUs) through dividend-equivalent rights that attach to previously granted RSUs. Each unit represents the contingent right to one share of Class A common stock and was acquired at $0 cost.

After the transaction, Meates’ aggregate RSU holdings increased to 22,898 units. No common shares were sold, and no other insider transactions were disclosed. The RSUs will vest on the same schedule as the underlying awards, implying no immediate dilution or cash outflow for the company.

Positive

• CFO Helen T. Meates acquired 39 RSUs at $0, slightly increasing insider equity alignment without cash outlay.

Negative

• None.

Insights

Financial Analyst

TL;DR: Minor, routine RSU accrual; negligible valuation impact.

The 39-unit dividend-equivalent grant represents less than 0.1% of PJT’s daily trading volume and has no cash cost. It marginally increases insider alignment by adding to the CFO’s existing 22,898 RSUs. Because no shares were sold, the filing signals neither bullish nor bearish sentiment and does not alter PJT’s share count in the near term. Investors can view the event as standard housekeeping rather than a catalyst.

Corporate Governance Expert

TL;DR: Governance-neutral; complies with dividend policy and Rule 10b5-1.

The RSU credit stems from dividend-equivalent provisions common in executive compensation plans. The Form 4 contains a Rule 10b5-1 checkbox, suggesting procedural adherence, and discloses direct ownership, promoting transparency. The transaction size is immaterial to control or influence considerations. No red flags or preferential treatment are evident.

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^*

Meates Helen T

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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

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)	06/18/2025		A(2)		39		(2)	(2)	Class A Common Stock	39	$0	22,898	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.

	/s/ David K.F. Gillis	06/20/2025
	** 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.

FAQ

How many PJT restricted stock units did CFO Helen T. Meates acquire on 06/18/2025?

She acquired 39 RSUs through dividend-equivalent rights.

What is the total number of RSUs Helen T. Meates owns after the transaction?

Her beneficial ownership increased to 22,898 RSUs.

Did the Form 4 report any sales of PJT common stock?

No. The filing shows only an acquisition of RSUs; no shares were sold or disposed.

Was there any cash cost associated with the RSU grant to the CFO?

No. The RSUs were credited at $0 cost as dividend-equivalent rights.

Do the newly awarded RSUs vest immediately?

No. They vest on the same schedule as the underlying RSU awards, per the footnote.