Costos James 4

4 · PJT Partners Inc. · Filed Jun 3, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

PJT Partners (PJT) Director James Costos Receives RSUs, Converts Derivatives

What Happened

James Costos, a director of PJT Partners (PJT), had derivative units converted/settled into 1,929 shares and was granted 1,200 restricted stock units (RSUs) on June 1, 2026. The filing reports $0 consideration for these entries, reflecting conversion/award activity rather than an open‑market purchase or sale.

Key Details

Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (timely — within required reporting window).
Reported transactions:
- Code M (exercise/conversion): 1,929 shares — reported as both "Acquired" and a separate "Disposed" line at $0 (no cash proceeds reported).
- Code A (award/grant): 1,200 RSUs acquired @ $0.00.
Price/value: $0 reported for the transactions (typical for RSU settlement/award reporting).
Shares owned after transaction: not specified in this Form 4 (not reported in the filing).
Relevant footnotes:
- F1–F4: The reported items relate to previously granted RSUs that convert one-for-one into Class A common stock; each RSU is a contingent right to one share and were granted as long‑term incentive awards.
- F5: The RSUs vest in four substantially equal installments (Aug 31, 2026; Nov 30, 2026; Feb 28, 2027; May 31, 2027) and will be settled on earlier of service termination or the fifth anniversary of grant, in stock, cash, or a mix at the compensation committee’s discretion.
The filing does not show an open‑market sale or cash proceeds; the "Disposed" line at $0 should not be read as a market sale.

Context

These entries reflect director compensation and RSU settlement mechanics (long‑term incentive), not routine buy/sell trading by the insider. RSUs convert to shares on a one‑for‑one basis and may be settled in cash or stock per the issuer’s policy.

Form 4

Period: 2026-06-01

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-06-01+1,929→ 13,012 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-06-01−1,929→ 8,491 total
→ Class A Stock (1,929 underlying)
Award
Restricted Stock Units
[F3][F5]
2026-06-01+1,200→ 9,691 total
→ Class A Stock (1,200 underlying)

Footnotes (5)

[F1]Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
[F2]Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.
[F3]Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
[F4]Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.
[F5]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.

Signature

/s/ David K.F. Gillis, Attorney-in-Fact|2026-06-03

1 file