PJT Partners director granted 15 RSUs
Director James Costos received 15 additional PJT restricted stock units from dividend-equivalent rights, bringing his total RSU holdings to 9,720.
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Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. (PJT) reported that director James Costos acquired 15 Restricted Stock Units on September 16, 2026, as a grant valued at $0.00 per unit. Each unit represents one share of Class A common stock, increasing his directly held restricted stock units to 9,720. The award includes dividend equivalent rights that accrue in additional restricted stock units and vest on the same schedule as the underlying units. No Rule 10b5-1 trading plan is reported for this transaction.
Insider Trade Summary
Grant/Award: 15 shares
Grant/Award
1 txn
Insider
Costos James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 15 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 9,720 contracts (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
- 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
Restricted Stock Units granted: 15 units
Price per Restricted Stock Unit: $0.00 per unit
Restricted Stock Units held after transaction: 9,720 units
+1 more
4 metrics
Restricted Stock Units granted
15 units
Grant to director James Costos on September 16, 2026
Price per Restricted Stock Unit
$0.00 per unit
Reported grant value for the 15-unit RSU award
Restricted Stock Units held after transaction
9,720 units
Total directly held by James Costos following the September 16, 2026 grant
Underlying security shares per RSU
1 share of Class A common stock per unit
Each restricted stock unit represents one share of PJT Class A common stock
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
"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 James Costos report for PJT?
Director James Costos reported a grant of 15 Restricted Stock Units on September 16, 2026. These units represent a contingent right to receive the same number of shares of PJT Class A common stock and stem from dividend equivalent rights tied to existing RSUs.
How many PJT restricted stock units does James Costos hold after this Form 4?
After the September 16, 2026 transaction, James Costos holds 9,720 Restricted Stock Units directly. Each unit represents a contingent right to receive one share of PJT Partners Inc. Class A common stock, subject to the applicable vesting conditions.
What does the 15-unit PJT RSU grant to James Costos represent?
The 15 Restricted Stock Units represent dividend equivalent rights that accrued in connection with PJT’s dividend. They are credited in RSUs and vest at the same time or times as the underlying restricted stock units already held by James Costos.
Was the PJT Form 4 transaction by James Costos under a Rule 10b5-1 plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so the September 16, 2026 grant of 15 restricted stock units to James Costos is not reported as made under a Rule 10b5-1 trading plan.
What security is underlying the PJT RSUs reported by James Costos?
The Restricted Stock Units reported by James Costos are each a contingent right to receive one share of PJT Partners Inc. Class A common stock. The 15-unit grant and the total 9,720 units all reference this underlying Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
