PJT Partners (PJT) awards dividend-linked RSUs to its general counsel

Rhea-AI Filing Summary

Travin David Adam reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. reported that its General Counsel, David Adam Travin, received a grant of 14 restricted stock units on March 18, 2026. Each unit represents a contingent right to receive one share of Class A common stock.

These units reflect dividend equivalent rights that accrue in restricted stock units in connection with the company’s dividend and will vest at the same time as the underlying restricted stock units. Following this grant, Travin holds 7,385 restricted stock units directly. This is a routine, compensation-related award rather than an open-market stock purchase or sale.

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

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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^*

Travin David Adam

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

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)		14		(2)	(2)	Class A Common Stock	14	$0	7,385	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, Attorney-in-Fact	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) report for David Adam Travin?

PJT reported that General Counsel David Adam Travin received 14 restricted stock units as a compensation-related award. These units are tied to dividend equivalent rights and increase his total restricted stock unit holdings to 7,385 after the transaction.

Were the PJT (PJT) restricted stock units an open-market purchase or sale?

The 14 restricted stock units reported for PJT’s General Counsel were a grant, not an open-market purchase or sale. They are compensation-related dividend equivalent rights that vest alongside existing restricted stock units rather than being bought or sold on the market.

How many restricted stock units does PJT’s General Counsel hold after this Form 4?

After the reported grant, PJT’s General Counsel holds 7,385 restricted stock units directly. This total includes the 14 new units, which represent dividend equivalent rights that convert into Class A common stock upon vesting on the same schedule as underlying units.

What does each PJT restricted stock unit reported in this filing represent?

Each restricted stock unit represents a contingent right to receive one share of PJT Class A common stock. The filing states that the units are dividend equivalent rights, accruing as restricted stock units that vest on the same timetable as the related underlying restricted stock units.

What are dividend equivalent rights in PJT’s Form 4 for its General Counsel?

Dividend equivalent rights are accruals that mirror PJT’s dividends by granting additional restricted stock units. For the General Counsel, 14 such units were credited and will vest at the same time as the underlying restricted stock units, effectively reinvesting dividends in stock-based compensation.