Cornwell Kievdi Don 4
4 · PJT Partners Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
PJT Partners Director Cornwell Kievdi Don Receives 1,600 RSUs
What Happened
Cornwell Kievdi Don, a director of PJT Partners Inc. (PJT), received a grant of 1,600 restricted stock units (RSUs) on 2026-06-01. The filing reports an acquisition price of $0.00 per unit (typical for RSU grants); no immediate cash was exchanged. This is an award/compensation grant (transaction code A), not an open-market buy or sale.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (reporting period 2026-06-01).
- Reported price: $0.00 per RSU; total reported acquisition value: $0.
- Shares owned after transaction: not specified in this filing.
- Footnote summary: Each RSU equals a contingent right to receive one share of Class A common stock (F1). Vesting occurs in four substantially equal installments on Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; and May 31, 2027. RSUs will be settled on the earlier of the director's service termination or the fifth anniversary of the grant and may be paid in shares, cash, or a combination at the issuer’s compensation committee discretion (F2).
- Filing timeliness: No late-filing indicator noted in the provided record.
Context
RSU grants to directors are a common form of deferred compensation and do not represent an immediate market purchase or sale. Because these are derivative awards (contingent rights to future shares) and may be settled in cash or stock, they do not necessarily signal the director buying or selling company stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-01+1,600→ 30,137 total→ Class A Common Stock (1,600 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
- [F2]The restricted stock units vest in four substantially equal installments on each of August 31, 2026, November 30, 2026, February 28, 2027, and May 31, 2027. The restricted stock units will be settled on the earlier of the termination of services of such director or the fifth anniversary of the grant date and will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.