Travin David Adam 4

What Happened
Travin David Adam, General Counsel of PJT Partners Inc., received an award of 14 restricted stock units (RSUs) on March 18, 2026. The grant is reported as a derivative acquisition (code A) at $0.00 per unit — the RSUs are contingent rights to receive shares upon vesting rather than an immediate purchase of common stock.

Key Details

• Transaction date: 2026-03-18 — Grant/award of 14 RSUs (derivative) at $0.00 per unit (code A).
• Filing date: Form 4 filed 2026-03-20; filing appears timely (within the usual 2-business-day window).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU represents a contingent right to one share of Class A common stock. F2 — dividend equivalent rights accrue in RSUs and vest with the underlying units.
• No sale, exercise, or tax-withholding reported in this filing.

Context
RSUs are a compensation award that convert into actual shares only when the units vest; they do not represent immediate stock ownership or an open-market purchase. Such grants are routine compensation events and do not, by themselves, indicate a buy or sell signal.