PJT Partners (PJT) director awarded 800 RSUs, exercises 1,283
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. director Grace Reksten Skaugen reported routine equity compensation activity. She exercised restricted stock units into 1,283 shares of Class A common stock, bringing her direct common stock holdings to 1,783 shares.
She also received a new grant of 800 restricted stock units, bringing her total RSU holdings to 5,947 units. The new RSUs vest in four equal installments between August 31, 2026 and May 31, 2027 and will be settled in stock or cash at the compensation committee’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,283 shares exercised/converted
Mixed
3 txns
Insider
Skaugen Grace Reksten
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,283 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 800 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,283 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,147 shares (Direct, null);
Class A Common Stock — 1,783 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: 1,283 shares
Common stock holdings after transaction: 1,783 shares
New RSU grant: 800 units
+2 more
5 metrics
Shares acquired via RSU settlement
1,283 shares
Class A common stock acquired on exercise on June 1, 2026
Common stock holdings after transaction
1,783 shares
Direct Class A common stock held following the exercise
New RSU grant
800 units
Restricted stock units granted as long-term incentive award
Total RSUs after transactions
5,947 units
Restricted stock units held after grant and settlement
RSU vesting installments
4 installments
Vesting dates on Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; May 31, 2027
Key Terms
Restricted stock units, contingent right, long-term incentive award, compensation committee, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock."
long-term incentive award financial
"Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award."
compensation committee financial
"will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
settled financial
"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"
FAQ
What insider transactions did PJT (PJT) director Grace Reksten Skaugen report?
Grace Reksten Skaugen reported equity compensation activity, exercising restricted stock units into 1,283 shares of PJT Class A common stock and receiving a new grant of 800 restricted stock units, all held directly as part of her director compensation package.
How many restricted stock units does the PJT (PJT) director now hold?
Following the grant and exercise activity, the director holds 5,947 restricted stock units. This total reflects a new award of 800 restricted stock units plus remaining units after 1,283 units were settled into PJT Class A common stock during the same reporting date.
When do the newly granted PJT (PJT) restricted stock units vest?
The newly granted restricted stock units vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. This schedule spreads the vesting over roughly one year in connection with the director’s ongoing service.
How will the PJT (PJT) restricted stock units be settled at vesting?
The restricted stock units will be settled on the earlier of the director’s service termination or the fifth anniversary of the grant date, in either PJT Class A common stock, cash, or a combination, at the discretion of the company’s compensation committee.
What does each PJT (PJT) restricted stock unit represent for the director?
Each restricted stock unit represents a contingent right to receive one share of PJT Class A common stock. The units convert into common shares on a one-for-one basis when settled, as specified in the insider filing’s footnotes describing the equity awards.