Rafferty Emily K 4

What Happened

• Emily K. Rafferty, a director of PJT Partners Inc., received an award of 8 restricted stock units (RSUs) on June 17, 2026. The reported acquisition price is $0.00 because this was a compensation award (transaction code A) rather than an open-market purchase.
• These RSUs are derivative awards: they represent contingent rights to receive Class A common shares if and when the units vest. There is no immediate cash proceeds reported from this grant.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-18 (timely filing).
• Reported terms: 8 RSUs granted at $0.00 (award/derivative).
• Shares owned following the transaction: not specified in the filing.
• Footnotes in the filing:
  • F1: Each RSU converts to one share of Issuer Class A common stock upon vesting.
  • F2: The RSUs include dividend equivalent rights that accrue as additional RSUs and vest with the underlying units.
• No 10b5-1 plan, tax-withholding, or late-filing flags were reported.

Context

• RSU grants to directors are a common form of non-cash compensation and do not represent immediate ownership of shares until vesting occurs. Because the filing reports an award rather than a purchase or sale, it is generally routine and not a direct market signal.
• The grant size (8 RSUs) is small in absolute terms; value will depend on PJT’s stock price at vesting and any applicable vesting schedule or conditions (not disclosed in the filing).