Costos James 4

What Happened

• James Costos, a director of PJT Partners Inc. (PJT), received an award of 19 restricted stock units (RSUs) on March 18, 2026. The grant is reported as a derivative award (transaction code A) with an acquisition price of $0.00 — i.e., no cash purchase. RSUs represent a contingent right to receive shares when they vest.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Award: 19 RSUs @ $0.00 (derivative grant, code A).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each RSU converts to one share of Class A common stock upon vesting.
  • F2: The award includes dividend equivalent rights that accrue as additional RSUs and vest with the underlying units.
• Filing timeliness: Filed promptly (no late-filing indication).

Context

• These RSUs are a form of equity compensation that convert to common shares only if and when they vest; they are not an open-market purchase or sale. Grants to directors are commonly part of routine board compensation and do not, by themselves, indicate a buy or sell market signal.