AI assistant
Lazard, Inc. — Director's Dealing 2024
Mar 5, 2024
31019_dirs_2024-03-05_b70318f8-354d-466c-a4b3-ce5ff9ef26eb.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2024-03-01
Reporting Person: Soto Alexandra (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 63169 | — | Acquired | 164016 | Direct |
| 2024-03-01 | Common Stock | M | 12834 | — | Acquired | 176850 | Direct |
| 2024-03-01 | Common Stock | F | 35722 | $38.54 | Disposed | 141128 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Performance-based Restricted Stock Units | $ | M | 63169 | Disposed | 2024-03-01 | Common Stock (63169) | Direct |
| 2024-03-01 | Restricted Stock Units | $ | M | 12834 | Disposed | 2024-03-01 | Common Stock (12834) | Direct |
Footnotes
F1: Shares of Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2020, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. This grant's performance metrics were the same as those applicable to performance-based equity awards awarded with respect to compensation for 2020 as previously reflected in the Company's proxy statement for the relevant year.
F2: Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of RSUs, including certain RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying RSU awards.
F3: Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of PRSUs and RSUs referenced in Footnotes (1) and (2).
F4: Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the PRSUs and RSUs referenced in Footnotes (1) and (2).
F5: Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.
F6: Each RSU represents a contingent right to receive one share of Common Stock.