Lazard, Inc. — Director's Dealing 2025

Mar 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard, Inc. (LAZ)
CIK: 0001311370
Period of Report: 2025-03-13

Reporting Person: Soto Alexandra (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-13	Common Stock	M	110638	—	Acquired	251766	Direct
2025-03-13	Common Stock	F	52000	$45.84	Disposed	199766	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-13	Performance-based Restricted Stock Units	$	M	110638	Disposed		Common Stock (110638)	Direct
2025-03-14	Restricted Stock Units	$	A	99660	Acquired		Common Stock (99660)	Direct

Footnotes

F1: Shares of Common Stock were acquired upon the vesting of the Performance-based Restricted Stock Units ("PRSUs") referenced in Footnote (5).

F2: Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of PRSUs referenced in Footnote (5).

F3: Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the PRSUs referenced in Footnote (5).

F4: Represents a prior grant of PRSUs awarded with respect to compensation for 2021 of which performance conditions have been satisfied. The grant at target was reflected in the Company's proxy statement for the relevant year.

F5: Each PRSU (the performance and other conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.

F6: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.

F7: These RSUs will vest on or around March 1, 2028.