Cornwell Kievdi Don 4

What Happened

• Cornwell Kievdi Don, a director of PJT Partners Inc. (PJT), received a grant of 35 restricted stock units (RSUs) on March 18, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (transaction code A). The filing treats these as contingent rights rather than an open‑market purchase.

Key Details

• Transaction date and price: 2026-03-18; grant reported at $0.00 per unit (award/derivative).
• Instrument: 35 restricted stock units (RSUs) — a contingent right to receive shares upon vesting.
• Shares owned after transaction: not specified in this filing.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share of Class A common stock upon vesting.
  • F2: Dividend equivalent rights accrue in RSUs and vest on the same schedule as the underlying RSUs.
• Filing timeliness: Reported on 2026-03-20 (filed within the typical two‑business‑day Form 4 deadline).

Context

• RSU grants are typically compensation that convert to actual shares only when they vest; they are not immediate open‑market buys or sales. Dividend equivalents here accrue as additional RSUs that vest with the underlying award. This small grant (35 RSUs) is informational and does not by itself indicate a change in insider sentiment about the stock.