PJT Partners GC granted 12 RSUs on 9/16/26
PJT Partners’ General Counsel received a small RSU dividend-equivalent grant, bringing his direct RSU holdings to 7,408 units.
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Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. (PJT) reported that its General Counsel, David Adam Travin, received a grant of 12 Restricted Stock Units on September 16, 2026 as a compensation-related acquisition. Each unit represents one share of Class A common stock and reflects dividend equivalent rights that vest on the same schedule as underlying restricted stock units. Following this grant, he holds 7,408 restricted stock units directly. No Rule 10b5-1 trading plan is reported for this transaction.
Insider Trade Summary
Grant/Award: 12 shares
Grant/Award
1 txn
Insider
Travin David Adam
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 12 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,408 contracts (Direct)
Holdings Before and After:
Restricted Stock Units, 7,396 to 7,408 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: 12 shares
RSUs held after transaction: 7,408 shares
RSU grant price per unit: $0.00 per unit
+2 more
5 metrics
Restricted Stock Units granted
12 shares
Grant to General Counsel on September 16, 2026
RSUs held after transaction
7,408 shares
Direct Restricted Stock Unit holdings following the grant
RSU grant price per unit
$0.00 per unit
Compensation-related RSU award on September 16, 2026
Underlying Class A common stock
12 shares
Shares of Class A common stock underlying the 12 RSUs granted
Number of derivative transactions reported
1 transaction
Single RSU grant reported in this Form 4
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 (PJT Partners Inc.) disclose in this Form 4?
PJT disclosed that General Counsel David Adam Travin received a grant of 12 Restricted Stock Units on September 16, 2026, as a compensation-related acquisition tied to dividend equivalent rights.
How many PJT RSUs does the General Counsel hold after this reported transaction?
After the reported grant, the General Counsel directly holds 7,408 Restricted Stock Units, each representing one share of PJT Class A common stock upon vesting and settlement.
What does each PJT Restricted Stock Unit represent in this Form 4 filing?
Each Restricted Stock Unit represents a contingent right to receive one share of PJT Class A common stock, according to the footnote describing the RSU terms.
What is the nature of the 12 PJT RSUs granted to the General Counsel?
The 12 RSUs represent dividend equivalent rights that accrue in restricted stock units in connection with PJT’s dividend and vest at the same time as the underlying restricted stock units.
Was the PJT insider RSU grant made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 box is unchecked, so this RSU grant is not reported as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
