RYAN THOMAS M 4

What Happened

• RYAN THOMAS M, a director of PJT Partners Inc., was granted 24 restricted stock units (RSUs) on March 18, 2026. The Form 4 reports an acquisition of 24 derivative units at a reported price of $0.00. These RSUs are a contingent right to receive shares in the future rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-03-18 (reported on Form 4 filed 2026-03-20). The filing appears timely.
• Transaction type: Award/Grant (derivative RSUs) — 24 units @ $0.00.
• Shares owned after transaction: Not specified in the provided report.
• Footnotes: F1 — each RSU equals a contingent right to one share of Class A common stock; F2 — RSUs include dividend equivalent rights that accrue and vest with the underlying RSUs.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares in this filing.

Context

• RSU grants are typically compensation that vest over time; they do not represent immediate liquidity unless and until they vest and are settled. This grant increases the director’s potential future stake if/when the units vest and convert to shares. As with all insider awards, the grant itself is a disclosure of compensation, not necessarily a directional market signal.