Scott D. Hoffman - 23 Feb 2022 Form 4 Insider Report for Lazard Ltd (LAZ)

Reporting relationship: CAO and General Counsel
Issuer ticker: LAZ
Reported as of: 23 Feb 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 25 Feb 2022, 18:10:03 UTC
Prior SEC filing: 23 Nov 2021
Next SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Scott D. Hoffman

Key filing fact

Scott D. Hoffman filed Form 4 for Lazard Ltd (LAZ) on 25 Feb 2022.

Key facts

This page summarizes Scott D. Hoffman's Form 4 filing for Lazard Ltd (LAZ).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 25 Feb 2022, 18:10.

Change

Previous filing in this sequence was filed on 23 Nov 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LAZ transaction Derivative

Performance-based Restricted Participation Units

Award

Transaction value
Shares: +96,445
Change %: +210%
Price
Shares after: 142,339
Date: 23 Feb 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 96,445
Exercise price
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents prior grants of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2018 and 2019 for which performance conditions have been satisfied. The grants at target were previously reflected in the Company's proxy statement for the relevant years.

Footnote F2

Each PRPU (the performance and other conditions of which have been satisfied) represents an interest in Lazard Group LLC that may be exchanged for one share of Class A Common Stock.

Footnote F3

Of these PRPUs, 82,955 will vest on or around March 1, 2022, and 13,490 will vest on or around March 1, 2023.

Footnote F4

Amount excludes 68,096 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.