Kenneth M. Jacobs - Feb 22, 2023 Form 4 Insider Report for Lazard Ltd (LAZ)

Role
Chairman and CEO, Director
Signature
/s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A
Stock symbol
LAZ
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/24/2023, 03:44 PM
Previous filing
Mar 3, 2022
Next filing
Mar 10, 2023

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 Performance-based Restricted Participation Units Award +242K +300% 323K Feb 22, 2023 Class A Common Stock 242K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a prior grant of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2019 for which performance conditions have been satisfied. The grant was previously reflected in the Company's proxy statement for the relevant year.
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.
F3 These PRPUs will vest on or around March 1, 2023.
F4 Amount excludes 2,375,938 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.