PJT Partners director granted 12 RSU equivalents

Rafferty Emily K reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Rafferty Emily K reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. director Emily K. Rafferty reported an award of 12 restricted stock units on Class A common stock. These units represent dividend equivalent rights that accrue in connection with the company’s dividend and will vest at the same time as the underlying restricted stock units. Following this grant, she holds a total of 6,695 restricted stock units directly.

Insider Trade Summary

Grant/Award: 12 shares

Grant/Award 1 txn

Insider Rafferty Emily K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	12	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 6,695 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.

FAQ

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

What insider transaction did PJT (PJT) director Emily K. Rafferty report?

Emily K. Rafferty reported receiving 12 restricted stock units linked to PJT Partners Class A common stock. These units are dividend equivalent rights that accrue from the company’s dividend and vest on the same schedule as her underlying restricted stock units.

Are Emily K. Rafferty’s new PJT restricted stock units a market purchase or sale?

The 12 restricted stock units reported by Emily K. Rafferty are an award, not a market trade. They are dividend equivalent rights granted in stock units, so no open-market buying or selling occurred as part of this Form 4 transaction.

How many restricted stock units does Emily K. Rafferty hold after this PJT award?

After this grant, Emily K. Rafferty holds 6,695 restricted stock units in PJT Partners. This total includes the 12 new dividend equivalent units, each representing a contingent right to receive one share of PJT Class A common stock at vesting.

What does each PJT restricted stock unit reported by Emily K. Rafferty represent?

Each restricted stock unit represents a contingent right to receive one PJT Partners Class A common share. The newly reported units are dividend equivalent rights that track the company’s dividend and vest on the same timetable as the corresponding underlying restricted stock units.

Why did Emily K. Rafferty receive dividend equivalent restricted stock units from PJT?

She received 12 dividend equivalent restricted stock units that accrue in connection with PJT Partners’ dividend. These rights are credited as additional stock units and are designed to mirror dividends on her existing restricted stock units, vesting when those underlying awards vest.

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

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Accepted by SEC EDGAR 03/20/2026 - 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)
03/18/2026

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)	03/18/2026		A(2)		12		(2)	(2)	Class A Common Stock	12	$0	6,695	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, Attorney-in-Fact	03/20/2026
	** 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)