CEO Paul Taubman to exchange up to 90K partnership units per quarter for five quarters

PJT Partners Inc.

Chairman & CEO Paul Taubman submitted election to exchange 90,000 Partnership Units for cash or Class A common stock.
If settled in cash, exchange price equals VWAP on second day after Q2 earnings release.
Taubman intends to elect exchange of up to 90,000 units in each of the next five quarterly windows.
Aggregate exchanges over five periods would represent less than 10% of Taubman's total economic ownership.
Exchange settled at Board's discretion prior to Q2 earnings; no immediate dilution impact specified.

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