Dominick Ragone - 21 May 2021 Form 4 Insider Report for Lazard Ltd (LAZ)

Role: Chief Accounting Officer
Signature: /s/ Dominick Ragone by Scott D. Hoffman under a P of A
Issuer symbol: LAZ
Transactions as of: 21 May 2021
Net transactions value: $0
Form type: 4
Filing time: 25 May 2021, 18:17:28 UTC
Next filing: 24 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAZ	Restricted Class A Common Stock	Award		+89	+0.61%		14,606	21 May 2021	Direct	F1, F2, F3

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	Restricted Stock Units	Award		+235	+1%		23,234	21 May 2021	Class A Common Stock	235		Direct	F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Class A Common Stock will vest in two tranches: approximately 33% will vest on or around March 1, 2022 and approximately 67% will vest on or around March 1, 2023.
F2	Additional shares of Restricted Class A Common Stock were acquired pursuant to the dividend equivalent reinvestment provisions of underlying restricted stock awards.
F3	Amount excludes 26,122 shares of Class A Common Stock directly or indirectly owned by the reporting person.
F4	Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
F5	Each RSU represents a contingent right to receive one share of Class A Common Stock.
F6	Of these RSUs, 93 will vest on or around March 1, 2022, 88 will vest on or around March 1, 2023 and 54 will vest on or around March 1, 2024.