Travin David Adam 4
4 · PJT Partners Inc. · Filed Feb 7, 2025
Insider Transaction Report
Form 4
Travin David Adam
General Counsel
Transactions
- Exercise/Conversion
Partnership Units of PJT Partners Holdings LP
2025-02-06$176.99/sh−2,500$442,483→ 14,749 total→ Class A Common Stock (2,500 underlying)
Footnotes (4)
- [F1]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.
- [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 February 6, 2025, 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 14,749 Partnership Units reported, 9,727 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.