Jane L. Mendillo - May 17, 2021 Form 4 Insider Report for Lazard Ltd (LAZ)

Role
Director
Signature
/s/ Jane L. Mendillo by Scott D. Hoffman under a P of A
Stock symbol
LAZ
Transactions as of
May 17, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 06:15 PM
Next filing
Jun 3, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAZ Deferred Stock Units Award $0 +760 +1.88% $0.00 41.3K May 17, 2021 Class A Common Stock 760 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has made an annual election to receive Deferred Stock Units ("DSUs") under Lazard Ltd's 2018 Incentive Compensation Plan, as amended, in lieu of all or a portion of such reporting person's cash compensation payable pursuant to the Non-Executive Director Compensation arrangement.
F2 The DSUs will be converted into Class A Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard Ltd.
F3 Amount excludes 1,400 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.