PJT Director James Costos Receives 15 RSU Award

What Happened

• James Costos, a director of PJT Partners Inc. (PJT), was granted 15 restricted stock units (RSUs) on September 16, 2026. The award is reported as a derivative acquisition (Form 4 code A) at $0.00 per unit, so there was no cash exchange at grant. These RSUs represent a contingent right to receive one share of Class A common stock per unit upon vesting.

Key Details

• Transaction date: 2026-09-16; Transaction type/code: Award/Grant (A) — derivative RSUs
• Amount: 15 RSUs; Reported price: $0.00; Immediate cash value reported: $0
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — dividend equivalent rights accrue as additional RSUs that vest with the underlying award
• Filing timeliness: filing dated 2026-09-18 (no late-filing indicator provided)

Context

• RSUs are a form of equity compensation that convert into common shares only if and when vesting conditions are met; they are routinely used to compensate directors and employees and do not represent an open-market purchase or sale. This grant increases Costos’s potential future ownership if the RSUs vest, but does not reflect an immediate cash investment.