Lee Ji-Yeun 4

What Happened

• Lee Ji-Yeun, a Managing Partner at PJT Partners (PJT), received a grant of 35 restricted stock units (RSUs) on 2026-03-18. The Form 4 reports the acquisition as 35 units at $0.00 per unit (transaction code A — award/grant). This was a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (appears timely).
• Transaction type/code: Award/Grant (A); 35 RSUs acquired at $0.00 per unit; total reported acquisition $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — each RSU is a contingent right to receive one share of the issuer’s Class A common stock. F2 — RSUs include dividend equivalent rights that accrue and vest with the underlying RSUs.
• No 10b5-1 plan, tax withholding, or late-filing flags indicated in the provided data.

Context

• RSUs are derivative/compensation awards that convert into actual shares only upon vesting; they do not represent immediate open-market purchases or sales. Dividend equivalents mean the recipient accrues payments tied to dividends, typically paid in additional RSUs or cash when/if the RSUs vest. This small grant is typical of executive compensation and should be interpreted as a non-market compensation event rather than an insider bet on the stock.