4//SEC Filing
Taubman Paul J 4
Accession 0000950170-25-062908
CIK 0001626115other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 5:00 PM ET
Size
6.6 KB
Accession
0000950170-25-062908
Insider Transaction Report
Form 4
Taubman Paul J
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Partnership Units of PJT Partners Holdings LP
2025-05-01$140.27/sh−90,000$12,624,615→ 5,640,000 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 intended to elect to exchange up to 90,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units") in the Issuer's current quarterly exchange window and in each of the Issuer's subsequent two quarterly exchange windows. On February 24, 2025, the Reporting Person submitted an Election to Exchange 90,000 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 May 1, 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 5,640,000 Partnership Units reported, 400,000 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.
Documents
Issuer
PJT Partners Inc.
CIK 0001626115
Entity typeother
Related Parties
1- filerCIK 0001479665
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 5:00 PM ET
- Size
- 6.6 KB