Lee Ji-Yeun 4
4 · PJT Partners Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
PJT Partners (PJT) Managing Partner Lee Ji-Yeun Receives Award
What Happened
Lee Ji-Yeun, a Managing Partner at PJT Partners Inc. (PJT), received a long‑term incentive award of 14,613 LTIP Units on February 9, 2026. The grant was reported on a Form 4 filed Feb 11, 2026. The reported acquisition price is $0.00 (derivative award), so no immediate cash value is recorded on the Form 4.
Key Details
- Transaction type: Award/Grant (code A) of 14,613 LTIP Units on 2026-02-09; Form 4 filed 2026-02-11 (timely filing).
- Reported price/value: $0.00 (derivative award reported as $0 on Form 4).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Vesting: LTIP Units generally vest ratably over three years on Mar 1, 2028; Mar 1, 2029; and Mar 1, 2030 (F1).
- Conversion/exchange: LTIP Units can convert one-for-one into Partnership Units upon specified events; Partnership Units may be exchanged quarterly for cash or, at the issuer’s election, for Class A common stock on a one-for-one basis (F1, F2).
- Other notes: The reported LTIP Units pool includes units from prior grants/vests (F3), and some Partnership Units remain subject to previously disclosed time-based vesting conditions (F4).
Context
This is a compensation award (long‑term incentive), not an open‑market purchase or sale. Such awards are common for executives and typically vest over multiple years, so they do not represent immediate liquidity or an immediate change in insider ownership of publicly traded shares. The units are derivatives tied to partnership interests and may convert or be exchanged for cash or stock in the future per the agreement terms.
Insider Transaction Report
- Award
Partnership Units of PJT Partners Holdings LP
[F1][F2][F3][F4]2026-02-09+14,613→ 699,849 total→ Class A Common Stock (14,613 underlying)
- 100,000(indirect: By Trust)
Partnership Units of PJT Partners Holdings LP
[F2][F3]→ Class A Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Represents a series of LTIP Units of PJT Partners Holdings LP ("LTIP Units") granted by the Issuer to the Reporting Person as a long-term incentive award with respect to the 2025 performance year. These LTIP Units generally vest ratably over three years on each of March 1, 2028, March 1, 2029 and March 1, 2030. 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.
- [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]Includes Partnership Units that were acquired through prior grants or the occurrence of previously disclosed vesting events and reported as Founder LTIP Units, Earn-Out LTIP Units, LTIP Units or as Performance LTIP Units of PJT Partners Holdings LP.
- [F4]Please note that certain Partnership Units remain subject to previously disclosed time-based vesting conditions.