[Form 4] PJT Partners Inc. Insider Trading Activity
PJT Partners Inc. 鈥� Form 4 filing overview: Director Emily K. Rafferty reported receiving 9 restricted stock units (RSUs) on 18-Jun-2025. The RSUs were issued as dividend-equivalent rights; each unit represents the right to one share of Class A common stock and was granted at $0 cost. Following the award, Rafferty now directly holds 6,665 derivative securities linked to PJT shares. No open-market purchases or sales of common stock were disclosed, indicating a routine, non-cash increase in the director鈥檚 equity exposure rather than an active investment decision.
PJT Partners Inc. 鈥� Panoramica della segnalazione Form 4: La direttrice Emily K. Rafferty ha dichiarato di aver ricevuto 9 unit脿 azionarie vincolate (RSU) il 18 giugno 2025. Le RSU sono state emesse come diritti equivalenti ai dividendi; ogni unit脿 rappresenta il diritto a una azione ordinaria di Classe A ed 猫 stata assegnata a costo zero. Dopo l鈥檃ssegnazione, Rafferty detiene ora direttamente 6.665 titoli derivati collegati alle azioni PJT. Non sono stati segnalati acquisti o vendite sul mercato aperto di azioni ordinarie, indicando un aumento di capitale di natura non monetaria e di routine, piuttosto che una decisione attiva di investimento da parte della direttrice.
PJT Partners Inc. 鈥� Resumen de la presentaci贸n del Formulario 4: La directora Emily K. Rafferty inform贸 haber recibido 9 unidades restringidas de acciones (RSUs) el 18 de junio de 2025. Las RSUs fueron emitidas como derechos equivalentes a dividendos; cada unidad representa el derecho a una acci贸n ordinaria Clase A y se otorg贸 a un costo de $0. Tras la adjudicaci贸n, Rafferty ahora posee directamente 6,665 valores derivados vinculados a acciones de PJT. No se divulgaron compras o ventas en el mercado abierto de acciones ordinarias, lo que indica un aumento rutinario y no en efectivo en la exposici贸n accionaria de la directora, en lugar de una decisi贸n activa de inversi贸n.
PJT Partners Inc. 鈥� Form 4 鞝滌稖 臧滌殧: 鞚挫偓 Emily K. Rafferty電� 2025雲� 6鞗� 18鞚检棎 9臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 氚涭潃 瓴冹溂搿� 氤搓碃頄堨姷雼堧嫟. RSU電� 氚半嫻旮� 霌标皜 甓岆Μ搿� 氚滍枆霅橃棃鞙茧┌, 臧� 雼渼電� 韥措灅鞀� A 氤错喌欤� 1欤检棎 雽�頃� 甓岆Μ毳� 雮橅儉雮搓碃 0雼煬 牍勳毄鞙茧 攵�鞐悩鞐堨姷雼堧嫟. 靾橃棳 頉� Rafferty電� 順勳灛 PJT 欤检嫕瓿� 鞐瓣硠霅� 6,665臧滌潣 韺岇儩 歃濌秾鞚� 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 氤错喌欤检棎 雽�頃� 瓿店皽 鞁滌灔 毵るГ電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚措姅 鞚挫偓鞚� 歆�攵� 雲胳稖鞚� 順勱笀 瓯半灅臧� 鞎勲媽 鞚检儊鞝侅澑 歃濌皜鞛勳潉 雮橅儉雮措┌ 鞝侁饭鞝侅澑 韴瀽 瓴办爼鞚� 鞎勲嫎鞚� 鞚橂頃╇媹雼�.
PJT Partners Inc. 鈥� Aper莽u du d茅p么t du formulaire 4 : La directrice Emily K. Rafferty a d茅clar茅 avoir re莽u 9 unit茅s d鈥檃ctions restreintes (RSU) le 18 juin 2025. Les RSU ont 茅t茅 茅mises en tant que droits 茅quivalents aux dividendes ; chaque unit茅 repr茅sente le droit 脿 une action ordinaire de cat茅gorie A et a 茅t茅 attribu茅e 脿 co没t nul. Suite 脿 cette attribution, Rafferty d茅tient d茅sormais directement 6 665 titres d茅riv茅s li茅s aux actions de PJT. Aucune transaction d鈥檃chat ou de vente d鈥檃ctions ordinaires sur le march茅 ouvert n鈥檃 茅t茅 divulgu茅e, ce qui indique une augmentation de l鈥檈xposition au capital de la directrice de mani猫re routini猫re et non mon茅taire, plut么t qu鈥檜ne d茅cision d鈥檌nvestissement active.
PJT Partners Inc. 鈥� 脺berblick zur Form 4-Meldung: Direktorin Emily K. Rafferty meldete den Erhalt von 9 Restricted Stock Units (RSUs) am 18. Juni 2025. Die RSUs wurden als Dividenden盲quivalente Rechte ausgegeben; jede Einheit repr盲sentiert das Recht auf eine Aktie der Klasse A Stammaktien und wurde zu 0 $ Kosten gew盲hrt. Nach der Zuteilung h盲lt Rafferty nun direkt 6.665 derivative Wertpapiere, die mit PJT-Aktien verbunden sind. Es wurden keine K盲ufe oder Verk盲ufe von Stammaktien am offenen Markt offengelegt, was auf eine routinem盲脽ige, nicht monet盲re Erh枚hung der Beteiligung der Direktorin hinweist, anstatt auf eine aktive Investitionsentscheidung.
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Insights
TL;DR 鈥� Routine 9-unit RSU dividend credit; negligible market impact.
The filing shows a small, automatic award tied to PJT鈥檚 dividend policy. At only nine units, the grant is immaterial to both Rafferty鈥檚 stake and PJT鈥檚 float. Because the shares vest on the same schedule as the underlying RSUs and involve no cash outlay, the transaction offers no direct insight into the insider鈥檚 sentiment or the company鈥檚 fundamentals. Investors typically ignore such clerical adjustments when assessing insider activity.
TL;DR 鈥� Compliance event; confirms dividend-equivalent accrual.
The report underscores PJT鈥檚 adherence to Section 16 disclosure requirements for even minimal equity changes. Dividend-equivalent RSUs keep directors economically aligned with shareholders without triggering trading concerns. The filing therefore signals normal governance practice, not a strategic shift. Impact on governance risk assessments is neutral.
PJT Partners Inc. 鈥� Panoramica della segnalazione Form 4: La direttrice Emily K. Rafferty ha dichiarato di aver ricevuto 9 unit脿 azionarie vincolate (RSU) il 18 giugno 2025. Le RSU sono state emesse come diritti equivalenti ai dividendi; ogni unit脿 rappresenta il diritto a una azione ordinaria di Classe A ed 猫 stata assegnata a costo zero. Dopo l鈥檃ssegnazione, Rafferty detiene ora direttamente 6.665 titoli derivati collegati alle azioni PJT. Non sono stati segnalati acquisti o vendite sul mercato aperto di azioni ordinarie, indicando un aumento di capitale di natura non monetaria e di routine, piuttosto che una decisione attiva di investimento da parte della direttrice.
PJT Partners Inc. 鈥� Resumen de la presentaci贸n del Formulario 4: La directora Emily K. Rafferty inform贸 haber recibido 9 unidades restringidas de acciones (RSUs) el 18 de junio de 2025. Las RSUs fueron emitidas como derechos equivalentes a dividendos; cada unidad representa el derecho a una acci贸n ordinaria Clase A y se otorg贸 a un costo de $0. Tras la adjudicaci贸n, Rafferty ahora posee directamente 6,665 valores derivados vinculados a acciones de PJT. No se divulgaron compras o ventas en el mercado abierto de acciones ordinarias, lo que indica un aumento rutinario y no en efectivo en la exposici贸n accionaria de la directora, en lugar de una decisi贸n activa de inversi贸n.
PJT Partners Inc. 鈥� Form 4 鞝滌稖 臧滌殧: 鞚挫偓 Emily K. Rafferty電� 2025雲� 6鞗� 18鞚检棎 9臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 氚涭潃 瓴冹溂搿� 氤搓碃頄堨姷雼堧嫟. RSU電� 氚半嫻旮� 霌标皜 甓岆Μ搿� 氚滍枆霅橃棃鞙茧┌, 臧� 雼渼電� 韥措灅鞀� A 氤错喌欤� 1欤检棎 雽�頃� 甓岆Μ毳� 雮橅儉雮搓碃 0雼煬 牍勳毄鞙茧 攵�鞐悩鞐堨姷雼堧嫟. 靾橃棳 頉� Rafferty電� 順勳灛 PJT 欤检嫕瓿� 鞐瓣硠霅� 6,665臧滌潣 韺岇儩 歃濌秾鞚� 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 氤错喌欤检棎 雽�頃� 瓿店皽 鞁滌灔 毵るГ電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚措姅 鞚挫偓鞚� 歆�攵� 雲胳稖鞚� 順勱笀 瓯半灅臧� 鞎勲媽 鞚检儊鞝侅澑 歃濌皜鞛勳潉 雮橅儉雮措┌ 鞝侁饭鞝侅澑 韴瀽 瓴办爼鞚� 鞎勲嫎鞚� 鞚橂頃╇媹雼�.
PJT Partners Inc. 鈥� Aper莽u du d茅p么t du formulaire 4 : La directrice Emily K. Rafferty a d茅clar茅 avoir re莽u 9 unit茅s d鈥檃ctions restreintes (RSU) le 18 juin 2025. Les RSU ont 茅t茅 茅mises en tant que droits 茅quivalents aux dividendes ; chaque unit茅 repr茅sente le droit 脿 une action ordinaire de cat茅gorie A et a 茅t茅 attribu茅e 脿 co没t nul. Suite 脿 cette attribution, Rafferty d茅tient d茅sormais directement 6 665 titres d茅riv茅s li茅s aux actions de PJT. Aucune transaction d鈥檃chat ou de vente d鈥檃ctions ordinaires sur le march茅 ouvert n鈥檃 茅t茅 divulgu茅e, ce qui indique une augmentation de l鈥檈xposition au capital de la directrice de mani猫re routini猫re et non mon茅taire, plut么t qu鈥檜ne d茅cision d鈥檌nvestissement active.
PJT Partners Inc. 鈥� 脺berblick zur Form 4-Meldung: Direktorin Emily K. Rafferty meldete den Erhalt von 9 Restricted Stock Units (RSUs) am 18. Juni 2025. Die RSUs wurden als Dividenden盲quivalente Rechte ausgegeben; jede Einheit repr盲sentiert das Recht auf eine Aktie der Klasse A Stammaktien und wurde zu 0 $ Kosten gew盲hrt. Nach der Zuteilung h盲lt Rafferty nun direkt 6.665 derivative Wertpapiere, die mit PJT-Aktien verbunden sind. Es wurden keine K盲ufe oder Verk盲ufe von Stammaktien am offenen Markt offengelegt, was auf eine routinem盲脽ige, nicht monet盲re Erh枚hung der Beteiligung der Direktorin hinweist, anstatt auf eine aktive Investitionsentscheidung.
FAQ
How many RSUs did PJT director Emily K. Rafferty receive on 18-Jun-2025?
Did the Form 4 disclose any open-market purchase or sale of PJT common stock?
What is the total number of derivative securities Rafferty holds after the transaction?
Why were the RSUs granted at a price of $0?
Does this Form 4 suggest any change in insider sentiment at PJT (PJT)?
