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Lazard, Inc. — Director's Dealing 2024
Feb 26, 2024
31019_dirs_2024-02-26_3215efc5-46ef-44fb-9f9c-d3ed3871ec91.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2024-02-22
Reporting Person: Orszag Peter Richard (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-22 | Restricted Participation Units | $ | A | 77781 | Acquired | Common Stock (77781) | Direct | |
| 2024-02-22 | Restricted Participation Units | $ | A | 138340 | Acquired | Common Stock (138340) | Direct | |
| 2024-02-22 | Stock Price Performance-based Restricted Participation Units | $ | A | 1250000 | Acquired | Common Stock (1250000) | Direct | |
| 2024-02-23 | Restricted Stock Units | $ | A | 1842 | Acquired | Common Stock (1842) | Direct |
Footnotes
F1: These Restricted Participation Units ("RPUs") will vest on or around March 11, 2024.
F2: Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.
F3: These RPUs will vest on or around March 10, 2026.
F4: Represents a prior grant of Stock Price Performance-based Restricted Participation Units ("Stock Price PRPUs") awarded in 2023 for which the minimum value condition has been satisfied and are scheduled to vest on or around August 23, 2026 (250,000 Stock Price PRPUs), August 23, 2028 (500,000 Stock Price PRPUs) and August 23, 2030 (500,000 Stock-Price PRPUs), in each case, subject to achievement of stock price milestones, which have not yet been achieved. The grant was previously reflected in the Company's annual report for the relevant year.
F5: Each Stock Price PRPU represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.
F6: These Stock Price PRPUs will vest upon the achievement of certain stock price milestones as described in the Company's annual report for the relevant year.
F7: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
F8: Each RSU represents a contingent right to receive one share of Common Stock.
F9: Of these RSUs, 1,060 will vest on or around September 3, 2024 and 782 will vest on or around September 3, 2025.
F10: Amount excludes 73,741 shares of Common Stock directly or indirectly owned by the reporting person.