• Taubman pay valued five times higher than second named officer
  • He took PJT public in 2015, won advisory work with Yahoo, Yum

Paul J. Taubman, the chief executive officer of PJT Partners Inc., received compensation valued at about $75.5 million in his first year leading the investment bank as a publicly traded company.

The package includes 2.75 million of previously disclosed founder units, which were worth $57.8 million based on a grant-date valuation of at $21 apiece, that vest over five years, according to a regulatory filing Tuesday. He also received 3.05 million earn-out units valued at $17.5 million, that will be fully vested by 2019 if the company meets certain share price targets. Most of the combined package was in exchange for the contribution of his interest in a predecessor firm.

Taubman merged his firm with the advisory businesses of Blackstone Group LP, and the combined business was spun off of the private-equity firm in October. Shares climbed to $27.24 Tuesday, after closing at $21 on its first day as a publicly traded company. The investment bank has secured advisory roles with clients including Yahoo! Inc. on its strategic options and Yum! Brands Inc., while also boosting fees at the restructuring practice as low fuel prices rattled the energy industry.

Taubman’s package is more than five times the value of the second-highest-paid named executive officer, Managing Partner Ji-Yeun Lee, whose compensation was reported at $13 million.

Taubman’s earn-out units are tied to PJT share price targets that reach as high as $79. His salary was listed as $250,000 for the last three months of 2015.

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