4//SEC Filing
Taubman Paul J 4
Accession 0000950170-24-092048
CIK 0001626115other
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 5:45 PM ET
Size
6.5 KB
Accession
0000950170-24-092048
Insider Transaction Report
Form 4
Taubman Paul J
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Partnership Units of PJT Partners Holdings LP
2024-08-06$127.56/sh−90,000$11,480,814→ 5,910,000 total→ Class A Common Stock (90,000 underlying)
Footnotes (4)
- [F1]In an SEC Form 8-K filed by the Issuer on June 3, 2024, the Issuer previously disclosed that the Reporting Person had submitted an Election to Exchange these 90,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units") and that such exchange would be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's second quarter earnings results.
- [F2]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.
- [F3]Effective August 6, 2024, the Reporting Person's Partnership Units were exchanged for cash.
- [F4]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 5,910,000 Partnership Units reported, 753,333 remain subject to previously disclosed time and/or performance vesting conditions as of June 30, 2024.
Documents
Issuer
PJT Partners Inc.
CIK 0001626115
Entity typeother
Related Parties
1- filerCIK 0001479665
Filing Metadata
- Form type
- 4
- Filed
- Aug 5, 8:00 PM ET
- Accepted
- Aug 6, 5:45 PM ET
- Size
- 6.5 KB