Deals
Taubman Gets $75.5 Million as Annual Award Disclosed First Time
- Taubman pay valued five times higher than second named officer
- He took PJT public in 2015, won advisory work with Yahoo, Yum
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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.