Richard D. Parsons - May 17, 2021 Form 4 Insider Report for Lazard Ltd (LAZ)

Role: Director
Signature: /s/ Richard D. Parsons 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, 06:16 PM
Previous filing: May 10, 2021
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	+917	+1.34%	$0.00	69.4K	May 17, 2021	Class A Common Stock	917		Direct	F1, F2

Showing 1 to 1 of 1 entries

* 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.