PJT Partners (PJT) Director Emily K. Rafferty Receives Award

What Happened

• Emily K. Rafferty, a director of PJT Partners Inc. (PJT), received an award of 9 restricted stock units (RSUs) on 2026-09-16. The Form 4 reports an acquisition price of $0; the grant is recorded as a derivative transaction rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-18 (timely).
• Transaction type/code: Award/Grant (A).
• Quantity: 9 restricted stock units; reported acquisition price: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU is a contingent right to receive one share of Class A common stock; F2 — dividend equivalent rights accrue and are credited as RSUs that vest with the underlying RSUs.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the report.

Context

• RSU grants are typically part of compensation or director pay and do not reflect an immediate cash purchase or sale of stock. The RSUs will convert into shares only if and when they vest under the plan’s terms; dividend equivalents accrue and vest with the RSUs per the footnotes. Such awards are routine corporate compensation and should be interpreted differently than open-market purchases or sales.