February 10, 2025 · Form 4 insider transaction
Travin David Adam bought 6,935 shares of PJT Partners Inc at $169.95 per share, a transaction worth $1.18M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Represents series of LTIP Units of PJT Partners Holdings LP ("LTIP Units") granted by the Issuer to the Reporting Person as long-term incentive awards with respect to 2024 performance year. Of these LTIP Units, 5,463 generally vest ratably over three years on each of March 1, 2027, March 1, 2028 and March 1, 2029, and 1,472 generally vest ratably over two years on each of March 1, 2028 and March 1, 2029. Upon the occurrence of specified events, the LTIP Units reported herein can automatically be converted into Partnership Units of PJT Partners Holdings LP ("Partnership Units") on a one-for-one basis. 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.