Director Don Cornwell Kievdi adds PJT (PJT) dividend-equivalent RSUs

Rhea-AI Filing Summary

Cornwell Kievdi Don reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. director Don Cornwell Kievdi reported a compensation-related grant of derivative securities. He received 35 restricted stock units, each representing a contingent right to 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. Following this grant, he holds 28,537 restricted stock units directly.

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

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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^*

Cornwell Kievdi Don

(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)		35		(2)	(2)	Class A Common Stock	35	$0	28,537	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) disclose for Don Cornwell Kievdi?

PJT disclosed that director Don Cornwell Kievdi received 35 restricted stock units as a compensation-related award. These units arose as dividend equivalent rights and increase his directly held restricted stock unit balance to 28,537 units tied to Class A common stock.

Are the PJT (PJT) restricted stock units a market purchase or sale?

The reported PJT transaction is a grant of 35 restricted stock units, not an open-market purchase or sale. It represents a compensation-related acquisition of derivative securities rather than a discretionary trading decision in PJT Class A common stock.

How do the new PJT (PJT) restricted stock units for Cornwell Kievdi work?

Each of the 35 PJT restricted stock units represents a contingent right to receive one share of Class A common stock. They are dividend equivalent rights that vest on the same schedule as the underlying restricted stock units already granted to the director.

What are dividend equivalent rights in the PJT (PJT) Form 4 filing?

Dividend equivalent rights in this PJT filing are additional restricted stock units that accrue when the company pays dividends. For Don Cornwell Kievdi, 35 such units were credited and will vest at the same time as his underlying restricted stock unit awards.

How large is Don Cornwell Kievdi’s PJT (PJT) RSU position after this grant?

After receiving 35 additional restricted stock units, Don Cornwell Kievdi directly holds 28,537 restricted stock units in PJT. Each unit corresponds to a contingent right to one share of PJT Class A common stock, subject to the applicable vesting conditions.