Travin David Adam sold PJT
February 6, 2025 · Form 4 insider transaction
Travin David Adam sold 2,500 shares of PJT Partners Inc. at $176.99 per share, a transaction worth $442.5K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
On November 23, 2024, the Reporting Person submitted an Election to Exchange 2,500 Partnership Units of PJT Partners Holdings LP ("Partnership Units"), with such exchange to be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's quarterly earnings results.; Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, Partnership Units may be exchanged for cash, or at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.; Effective February 6, 2025, the Reporting Person's Partnership Units were exchanged for cash.; Includes Partnership Units that were acquired upon the occurence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 14,749 Partnership Units reported, 9,727 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.