secwatch.observer — SEC 8-K summary
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Issuer:     PJT Partners Inc. (PJT)
CIK:        0001626115
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001564590-22-004805
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
LLM model:  deepseek-v4-flash:cloud@v2

PJT Partners grants CEO Paul Taubman 1M performance-based LTIP units with stock-price hurdles
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- CEO Paul Taubman receives 1,000,000 performance-based LTIP units; no further equity grants planned through 2026.
- Performance condition: 50% earned at $100 20-day VWAP, 100% at $130 VWAP, linear interpolation between.
- Five-year time vesting (20% per year starting March 1, 2023); limited exceptions for change in control, death, disability.
- Other executives: Ji-Yeun Lee (50,410), Helen Meates (41,146), David Travin (16,212) receive similar LTIPs as part of 2021 annual incentive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626115/000156459022004805/0001564590-22-004805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626115/000156459022004805/pjt-8k_20220208.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004805

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer