CURRIE PETER L S 4
Research Summary
AI-generated summary
PJT Partners (PJT) Director Peter Currie Receives 1,600 RSUs
What Happened
- Peter L. S. Currie, a director of PJT Partners Inc. (PJT), was granted 1,600 restricted stock units (RSUs) on June 1, 2026. The grant is reported as an award (Form 4 code A) at $0.00 per unit because RSUs are contingent equity awards rather than open-market purchases.
Key Details
- Transaction date: 2026-06-01; reported on Form 4 filed June 3, 2026 (appears timely — within typical 2-business-day reporting window).
- Grant details: 1,600 RSUs; reported acquisition price $0.00 (derivative award).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes:
- Each RSU represents a contingent right to one share of PJT Class A common stock.
- Vesting occurs in four substantially equal installments on Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; and May 31, 2027. Settlement will occur on the earlier of the director’s termination of service or the fifth anniversary of the grant and may be settled in Class A common stock, cash, or a combination at the issuer’s compensation committee’s discretion.
Context
- RSUs are a form of compensation, not an immediate cash purchase — they convert to shares (or cash) only upon vesting/settlement. This grant signals routine director compensation rather than an open-market bet on the stock.