Rafferty Emily K 4

What Happened
Emily K. Rafferty, a director of PJT Partners Inc. (PJT), received a grant of 12 restricted stock units (reported as a derivative acquisition) on 2026-03-18. The grant is reported at $0.00 per unit (no cash paid at grant); the filing shows these as contingent rights to receive shares upon vesting.

Key Details

• Transaction date: 2026-03-18; filing date: 2026-03-20 (filed within the standard 2-business-day window).
• Award: 12 restricted stock units (RSUs) reported at $0.00 per unit (derivative acquisition).
• Shares owned after transaction: not reported in the provided filing details.
• 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 indication of a 10b5-1 plan, sale, tax withholding, or late filing in the provided data.

Context
This was a compensation award (RSUs), not an open-market purchase or sale. RSUs are a promise to deliver shares in the future upon vesting; they do not require an immediate cash outlay and are commonly used for director and employee compensation. The reported $0.00 at grant is typical for RSU awards and does not reflect the future market value when/if the units vest and convert to shares.