PJT Partners (PJT) director adds shares through RSU settlement and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. director Emily K. Rafferty reported routine equity compensation activity. She acquired 1,541 shares of Class A common stock through the settlement of previously granted restricted stock units and received a new grant of 800 restricted stock units, each convertible into one Class A share. Following these transactions, she directly holds 10,668 Class A shares and 5,154 restricted stock units. The new restricted stock units vest in four equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027 as part of a long-term incentive award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,541 shares exercised/converted
Mixed
3 txns
Insider
Rafferty Emily K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,541 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 800 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,541 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,154 shares (Direct, null);
Class A Common Stock — 10,668 shares (Direct, null)
Footnotes (1)
- Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person. Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award. The restricted stock units vest in four substantially equal installments on each of August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. The restricted stock units will be settled on the earlier of the termination of services of such director or the fifth anniversary of the grant date and will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
Key Figures
Shares acquired via RSU settlement: 1,541 shares
New RSU grant: 800 restricted stock units
Shares held after transactions: 10,668 shares
+2 more
5 metrics
Shares acquired via RSU settlement
1,541 shares
Class A common stock acquired on June 1, 2026
New RSU grant
800 restricted stock units
Grant on June 1, 2026, each for one Class A share
Shares held after transactions
10,668 shares
Direct Class A common stock ownership after June 1, 2026
RSUs outstanding after transactions
5,154 restricted stock units
Derivative holdings following June 1, 2026 awards
RSU vesting installments
4 installments
Vesting on Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; May 31, 2027
Key Terms
Restricted stock units, Class A common stock, long-term incentive award, contingent right, +1 more
5 terms
Restricted stock units financial
"The restricted stock units vest in four substantially equal installments"
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.
Class A common stock financial
"Represents Class A common stock of the Issuer acquired upon settlement"
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.
long-term incentive award financial
"Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vest financial
"The restricted stock units vest in four substantially equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did PJT (PJT) director Emily K. Rafferty report?
Emily K. Rafferty reported acquiring equity through compensation-related awards. She settled 1,541 restricted stock units into Class A common shares and received a new grant of 800 restricted stock units, all recorded as acquisitions rather than open-market purchases or sales.
What restricted stock unit grants did Emily K. Rafferty receive from PJT (PJT)?
She received a grant of 800 restricted stock units, each representing a contingent right to one PJT Class A share. These units were granted as a long-term incentive award and will convert into common stock or cash upon settlement at the issuer’s discretion.
How many PJT restricted stock units does Emily K. Rafferty hold after the Form 4 transactions?
Following the reported transactions, Emily K. Rafferty holds 5,154 restricted stock units. These units are derivative securities that each convert into one share of PJT Partners Class A common stock when they settle, subject to the vesting schedule.
What is the vesting schedule for Emily K. Rafferty’s new PJT restricted stock units?
The new restricted stock units vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. Settlement occurs on service termination or the fifth anniversary, in stock, cash, or a combination.
Were Emily K. Rafferty’s PJT transactions open-market buys or routine compensation events?
The transactions are routine compensation events, not open-market trades. They reflect settlement of previously granted restricted stock units into 1,541 Class A shares and a new grant of 800 restricted stock units as part of a long-term incentive award.