PJT Partners Inc.
For the period ended Dec 31, 2024. Filed Apr 29, 2025.
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Dec 31, 2024 · Filed Apr 29, 2025
Contents
Summary Compensation Table
The following table summarizes the total compensation paid to or earned in respect of fiscal years
2022, 2023 and 2024 for Mr. Taubman, Ms. Lee, Ms. Meates and Mr. Travin, each under the rules of the SEC.
| Name and Principal · Year · Salary · Bonus1 · Stock Awards2 · Other3 · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Paul J. TaubmanChairman and CEO | 2024 | $1,000,000 | — | — | $30,510 | $1,030,510 | |||||
| 2023 | $1,000,000 | — | — | $29,620 | $1,029,620 | ||||||
| 2022 | $1,000,000 | — | $39,100,000 | $16,595 | $40,116,595 | ||||||
| Ji-Yeun LeeManaging Partner | 2024 | $1,000,000 | $2,223,300 | $1,668,634 | $30,510 | $4,922,444 | |||||
| 2023 | $1,000,000 | $1,847,700 | $1,653,164 | $29,620 | $4,530,484 | ||||||
| 2022 | $1,000,000 | $1,852,500 | $1,971,031 | $16,595 | $4,840,126 | ||||||
| Helen T. MeatesChief Financial Officer | 2024 | $1,000,000 | $1,847,700 | $1,084,315 | $30,510 | $3,962,525 | |||||
| 2023 | $1,000,000 | $1,422,500 | $1,352,121 | $29,620 | $3,804,241 | ||||||
| 2022 | $500,000 | $1,652,500 | $1,608,809 | $16,595 | $3,777,904 | ||||||
| David A. TravinGeneral Counsel | 2024 | $500,000 | $1,309,600 | $678,043 | $30,510 | $2,518,153 | |||||
| 2023 | $500,000 | $1,071,500 | $624,613 | $29,620 | $2,225,733 | ||||||
| 2022 | $500,000 | $1,027,500 | $633,889 | $16,570 | $2,177,959 | ||||||
12024 bonus amounts represent the cash component of the annual incentive compensation earned for 2024 performance and paid
in the following year. In the case of Ms. Lee, Ms. Meates and Mr. Travin, the remainder of the 2024 performance year annual
incentive compensation was paid in the form of LTIP Units, as discussed above in “Elements of Our Compensation Program—
Annual Incentive Compensation—Long-Term Incentive Awards.” As these LTIP Units were granted in 2025, pursuant to the rules of
the SEC, the stock awards reported for 2024 for Ms. Lee, Ms. Meates and Mr. Travin do not include their respective portion of the
annual incentive compensation that was paid in LTIP Units. The dollar amounts paid in the form of LTIP Units for performance year
2024 are as follows: Ms. Lee—$2,264,700; Ms. Meates—$1,640,300 and Mr. Travin—$1,178,400.
2 The amounts included in this column represent the aggregate grant date fair value of the equity awards computed in accordance
with ASC Topic 718. A discussion of the assumptions used in calculating these values can be found in Note 10 to our 2024 audited
financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. For 2022, the value
represents Performance LTIP Units granted on February 10, 2022 to Mr. Taubman, Ms. Lee, Ms. Meates and Mr. Travin. Consistent
with granting these long-term Performance LTIP Unitsour company does not currently anticipate paying Mr. Taubman any further
equity incentive compensation through the end of 2026. In the case of Mr. Lee, Ms. Meates and Mr. Travin, these awards appertain
to the 2021 performance year. Performance LTIP Units are subject to both service and performance conditions. Performance LTIP
Units satisfy the time-vesting requirement over a five-year period, with 20% of the service condition met per year commencing
March 1, 2023. As of December 31, 2024, the Performance LTIP Units achieved the designated dividend-adjusted per-share price of
$130, thereby fully satisfying the performance condition, which will result in 100% vesting of these awards upon satisfaction of the
relevant service vesting conditions.
3 We make available to our partners, including our Named Executive Officers, financial planning services on an annual basis paid for by
our company. In 2024, each of our Named Executive Officers used this service. The amount includes charitable contributions made
by our company to charitable organizations selected by Named Executive Officers pursuant to the PJT Giving Program described
above in the section titled, “Employee Benefits; Perquisites.” Named Executive Officers do not receive any direct financial benefit
from the PJT Giving Program because the charitable deductions accrue solely to our company. In addition, we make available to our
CEO and, on occasion by exception, to other partners, including our Named Executive Officers, personal use of a company leased
aircraft when it is not being used for business purposes, for which our company is reimbursed the full incremental costs associated
with such use.
EXECUTIVE COMPENSATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.