PJT Partners Inc.: directors' dealings · United States · SEC (Form 4)

About PJT Partners Inc.

PJT Partners Inc. is a U.S.-listed financial advisory firm trading on the NYSE under ticker PJT, with headquarters in New York, New York, United States. The company was formed in 2015 through merger and spin-off transactions that combined the financial and strategic advisory, restructuring and reorganization advisory, and Park Hill Group businesses previously associated with Blackstone with PJT Capital LP, a financial advisory firm founded by Paul J. Taubman. For global investors, PJT stands out as a pure-play advisory franchise rather than a balance-sheet-driven investment bank. Its business is organized around three main pillars. Strategic Advisory covers mergers and acquisitions, divestitures, corporate strategy, governance, and shareholder advisory work, including support for public companies facing activism or strategic review. Restructuring and Special Situations is one of the firm’s signature platforms, focused on liability management, restructuring assignments, distressed M&A, bespoke financings, tort liability resolutions, and Chapter 11 matters. PJT Park Hill is the firm’s global alternative asset advisory and fundraising business, serving private equity, alternative credit and hedge funds, real estate, direct strategies, secondary transactions, and broader private capital solutions. PJT’s competitive profile is built on deep senior-level relationships, cross-border execution, and a reputation for handling complex, high-stakes mandates. The firm reports a global footprint of 16 offices and client coverage across more than 60 countries, spanning the United States, Europe, the Middle East, and Asia. That international network is strategically important because PJT’s client base includes large corporates, financial sponsors, institutional investors, and governments. In its 2025 annual report, the company stated that LSEG Refinitiv ranked it No. 1 in both global and U.S. announced restructurings in three of the last four years, underscoring the strength of its restructuring franchise. Recent developments are equally notable. In first-quarter 2026 earnings, PJT reported record results and announced an $800 million share repurchase authorization. The company also said it held $388 million of cash, cash equivalents and short-term investments as of March 31, 2026, with no funded debt. Management continues to invest in technology infrastructure and artificial intelligence capabilities to enhance advisory delivery and maintain differentiation in a competitive market. Overall, PJT Partners is a specialized, high-quality advisory platform on the NYSE in the United States, with meaningful exposure to M&A, restructuring, shareholder advisory, and private capital fundraising cycles.