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Lazard, Inc. — Director's Dealing 2022
Sep 8, 2022
31019_dirs_2022-09-08_ee7a2f4e-eed8-417c-994f-0869b5802bb3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2022-09-06
Reporting Person: RAGONE DOMINICK (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-09-06 | Class A Common Stock | M | 1015 | — | Acquired | 17083 | Direct |
| 2022-09-06 | Restricted Class A Common Stock | M | 3178 | — | Disposed | 3046 | Direct |
| 2022-09-06 | Class A Common Stock | M | 3178 | — | Acquired | 20261 | Direct |
| 2022-09-06 | Class A Common Stock | F | 4193 | $35.76 | Disposed | 16068 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-09-06 | Restricted Stock Units | $ | M | 1015 | Disposed | Class A Common Stock (1015) | Direct |
Footnotes
F1: The reporting person has become eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2022 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") and Restricted Class A Common Shares ("RSAs") that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and RSAs have now become subject to taxation and a portion thereof was settled in Class A Common Stock and retained by the Company in order to cover taxes required to be withheld. The RSUs and RSAs, excluding the portion retained by the Company in order to cover taxes required to be withheld, will
remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements.
F2: Represents the New York Stock Exchange closing price of Class A Common Stock on September 2, 2022, the trading day immediately preceding the taxation date.
F3: Represents prior grants of RSUs (including RSUs previously acquired pursuant to the dividend reinvestment provisions of underlying RSUs) awarded with respect to compensation for 2019, 2020 and 2021.