Dominick Ragone - Mar 1, 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
Stock symbol
LAZ
Transactions as of
Mar 1, 2023
Transactions value $
-$104,645
Form type
4
Date filed
3/3/2023, 05:32 PM
Previous filing
Feb 28, 2023
Next filing
May 23, 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 +8.31K +51.72% 24.4K Mar 1, 2023 Direct F1
transaction LAZ Restricted Class A Common Stock Options Exercise -3.05K -29.32% 7.34K Mar 1, 2023 Direct F1, F2
transaction LAZ Class A Common Stock Options Exercise +3.05K +12.49% 27.4K Mar 1, 2023 Direct F1
transaction LAZ Class A Common Stock Tax liability -$105K -2.8K -10.21% $37.36 24.6K Mar 1, 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 -8.31K -28.59% 20.8K Mar 1, 2023 Class A Common Stock 8.31K 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.