Director at PJT Partners (NYSE: PJT) granted 24 RSUs as dividend equivalents

Rhea-AI Filing Summary

RYAN THOMAS M reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. director Thomas M. Ryan reported a compensation-related award of 24 restricted stock units on Class A common stock. Each unit represents a right to receive one share of Class A common stock. These units are dividend equivalent rights that vest at the same time as the underlying restricted stock units, bringing his directly held restricted stock unit balance to 12874.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RYAN THOMAS M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	24	$0.00	--

Holdings After Transaction: Restricted Stock Units — 12,874 shares (Direct)

Footnotes (1)

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

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
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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^*

RYAN THOMAS M

(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)		24		(2)	(2)	Class A Common Stock	24	$0	12,874	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	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)

FAQ

What insider transaction did PJT (PJT) director Thomas M. Ryan report?

Director Thomas M. Ryan reported receiving 24 restricted stock units as a grant. These units are dividend equivalent rights tied to PJT Partners Inc. dividends and are settled in shares of Class A common stock when they vest.

How many PJT Partners (PJT) restricted stock units does Thomas M. Ryan hold after this filing?

After this award, Thomas M. Ryan holds 12874 restricted stock units directly. These units each represent a contingent right to receive one share of PJT Partners Inc. Class A common stock upon vesting, according to the Form 4 disclosure.

Were the PJT (PJT) restricted stock units acquired in an open-market purchase?

No, the 24 restricted stock units were reported with transaction code A, a grant or award. The price per unit is listed as 0.0000, indicating a compensation-related award rather than an open-market purchase of PJT Partners Inc. shares.

What do the PJT Partners (PJT) dividend equivalent restricted stock units represent?

Each restricted stock unit represents a contingent right to receive one share of PJT Class A common stock. The award consists of dividend equivalent rights that accrue as restricted stock units and vest at the same time as the underlying restricted stock units.

How are the new PJT (PJT) restricted stock units related to the company’s dividend?

The 24 restricted stock units represent dividend equivalent rights tied to PJT Partners Inc.’s dividend. They accrue to the reporting person in restricted stock units and vest on the same schedule as the underlying restricted stock unit awards already held.

Does this PJT (PJT) Form 4 show any insider sales of stock?

No, the Form 4 shows only an acquisition of 24 restricted stock units coded as a grant or award. There are no reported sales, dispositions, or tax-withholding transactions associated with this insider activity in the disclosed data.