secwatch.observer — SEC 8-K summary
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Issuer:     PJT Partners Inc. (PJT)
CIK:        0001626115
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-067469
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024067469/0000950170-24-067469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626115/000095017024067469/pjt-20240531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067469

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