PJT Partners (PJT) director adds 3 RSUs in dividend-linked grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURRIE PETER L S reported acquisition or exercise transactions in this Form 4 filing.
PJT Partners Inc. director Peter L. S. Currie reported a compensation-related equity grant. He received 3 restricted stock units, each representing one share of Class A common stock, as dividend equivalent rights that accrue in connection with the company’s dividend.
Following this grant, Currie holds 3,345 restricted stock units directly. These units generally vest on the same schedule as the underlying restricted stock units, so their value depends on future vesting and the market price of PJT Partners’ Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CURRIE PETER L S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,345 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs granted: 3 restricted stock units
RSU holdings after transaction: 3,345 restricted stock units
Underlying shares per RSU: 1 share of Class A common stock
+1 more
4 metrics
RSUs granted
3 restricted stock units
Dividend equivalent rights grant on 2026-06-17
RSU holdings after transaction
3,345 restricted stock units
Total direct derivative holdings after grant
Underlying shares per RSU
1 share of Class A common stock
Each restricted stock unit represents one share
RSU grant price
$0.0000 per unit
Compensation grant, not an open-market purchase
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A common stock, grant, award, or other acquisition
4 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
"Each restricted stock unit represents a contingent right to receive 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.
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition"
FAQ
What insider transaction did PJT (PJT) director Peter Currie report?
Director Peter L. S. Currie reported receiving 3 restricted stock units as a grant. These units are tied to PJT Partners’ dividend and represent additional stock-based compensation for the director.
How many PJT (PJT) restricted stock units does Peter Currie hold after this Form 4?
After the reported grant, Peter L. S. Currie holds 3,345 restricted stock units. This total reflects his direct derivative holdings in PJT Partners’ Class A common stock as shown in the filing.
What does each PJT (PJT) restricted stock unit reported by Peter Currie represent?
Each restricted stock unit represents a contingent right to receive one share of PJT Partners Class A common stock. The actual delivery of shares depends on future vesting conditions described in the company’s compensation arrangements.
Why did Peter Currie receive 3 additional restricted stock units from PJT (PJT)?
The 3 additional restricted stock units are dividend equivalent rights that accrue when PJT Partners pays dividends. They vest on the same schedule as the underlying restricted stock units already granted to Peter Currie.
Are Peter Currie’s new PJT (PJT) restricted stock units an open-market purchase?
No, the 3 restricted stock units were granted as compensation, not bought in the open market. The filing classifies the transaction as a grant or award acquisition rather than a purchase or sale of shares.