Dominick Ragone - 01 Mar 2023 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
01 Mar 2023
Net transactions value
-$104,645
Form type
4
Filing time
03 Mar 2023, 17:32:36 UTC
Previous filing
28 Feb 2023
Next filing
23 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Class A Common Stock Options Exercise +8,310 +52% 24,378 01 Mar 2023 Direct F1
transaction LAZ Restricted Class A Common Stock Options Exercise -3,046 -29% 7,342 01 Mar 2023 Direct F1, F2
transaction LAZ Class A Common Stock Options Exercise +3,046 +12% 27,424 01 Mar 2023 Direct F1
transaction LAZ Class A Common Stock Tax liability $104,645 -2,801 -10% $37.36 24,623 01 Mar 2023 Direct F3, F4

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 Options Exercise -8,310 -29% 20,755 01 Mar 2023 Class A Common Stock 8,310 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of unrestricted Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs") and Restricted Class A Common Stock, including certain RSUs and Restricted Class A Common Stock that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.
F2 Includes 3,046 shares of Restricted Class A Common Stock inadvertently omitted from Table I, Column 5 of the most recent Form 4 of the Reporting Person, filed with the Securities and Exchange Commission on February 28, 2023.
F3 Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).
F4 Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of RSUs and Restricted Class A Common Stock referenced in Footnote (1).
F5 Each RSU represents a contingent right to receive one share of Class A Common Stock.