Lazard, Inc. — Director's Dealing 2024

Mar 13, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2024-03-11

Reporting Person: Orszag Peter Richard (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-11	Common Stock	M	77781	—	Acquired	151522	Direct
2024-03-11	Common Stock	D	50000	$39.20	Disposed	101522	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-11	Restricted Participation Rights	$	M	77781	Disposed		Common Stock (77781)	Direct

Footnotes

F1: Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Common Stock.

F2: Amount excludes 143,813 restricted stock units directly or indirectly beneficially owned by the reporting person.

F3: Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of PRUs referenced in Footnote (1).

F4: Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the PRUs referenced in Footnote (1).

F5: Represents a prior grant of PRUs awarded with respect to compensation for 2020 for which service and other conditions have been satisfied.

F6: Each PRU represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.