PJT (PJT) director boosts equity stake through RSU settlement and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PJT Partners Inc. director Thomas M. Ryan reported equity compensation activity, with no open-market buying or selling. He acquired 2,570 shares of Class A common stock through the settlement of previously granted restricted stock units, bringing his directly held Class A common stock to 41,957 shares. He also received a new grant of 1,600 restricted stock units, each representing a contingent right to one share of Class A common stock, for a total of 11,904 restricted stock units outstanding after these transactions.
An additional 7 Class A shares are held indirectly in a trust for the benefit of his spouse, over which he disclaims beneficial ownership except for any pecuniary interest. The newly granted restricted stock units are scheduled to vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027, and will be settled in stock or cash at the discretion of the compensation committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,570 shares exercised/converted
Mixed
4 txns
Insider
RYAN THOMAS M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,570 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,600 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,570 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,304 shares (Direct, null);
Class A Common Stock — 41,957 shares (Direct, null);
Class A Common Stock — 7 shares (Indirect, By Trust)
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. Shares owned by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership over the shares held by such trust, except to the extent of his pecuniary interest therein. 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
RSUs settled into shares: 2,570 shares
Direct Class A holdings after transaction: 41,957 shares
New RSU grant: 1,600 units
+2 more
5 metrics
RSUs settled into shares
2,570 shares
Class A common stock acquired upon RSU settlement on June 1, 2026
Direct Class A holdings after transaction
41,957 shares
Total Class A common stock held directly after June 1, 2026 exercise
New RSU grant
1,600 units
Restricted stock units granted as long-term incentive award
RSUs outstanding after transactions
11,904 units
Total restricted stock units held following June 1, 2026 transactions
Indirect trust-held shares
7 shares
Class A common stock held by spouse’s trust, with beneficial ownership disclaimed
Key Terms
restricted stock unit, long-term incentive award, contingent right, trust, +1 more
5 terms
restricted stock unit financial
"Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
long-term incentive award financial
"Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock"
trust financial
"Shares owned by a trust for the benefit of the Reporting Person's spouse"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership over the shares held by such trust, except to the extent of his pecuniary interest therein"
FAQ
What insider equity transactions did PJT director Thomas M. Ryan report?
Thomas M. Ryan acquired shares through equity compensation. He settled 2,570 restricted stock units into Class A common stock and received a new grant of 1,600 restricted stock units, with no open-market share sales disclosed.
What restricted stock unit awards did PJT grant to Thomas M. Ryan?
PJT granted Thomas M. Ryan 1,600 restricted stock units as a long-term incentive award. Each unit represents a contingent right to receive one share of Class A common stock, subject to vesting and later settlement in stock or cash.
What vesting schedule applies to Thomas M. Ryan’s new PJT restricted stock units?
The 1,600 restricted stock units vest in four substantially equal installments on August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027, subject to continued service and later settlement terms decided by the compensation committee.
How many PJT restricted stock units does Thomas M. Ryan hold after these changes?
Following the reported transactions, Thomas M. Ryan holds 11,904 restricted stock units. These units were previously granted as long-term incentive awards and convert into Class A common stock on a one-for-one basis when settled.