Alexandra Soto - Mar 1, 2023 Form 4 Insider Report for Lazard Ltd (LAZ)

Role: Exec Human Capital & Workplace
Signature: /s/ Alexandra Soto by Scott D. Hoffman under a P of A
Stock symbol: LAZ
Transactions as of: Mar 1, 2023
Transactions value $: -$495,468
Form type: 4
Date filed: 3/3/2023, 05:35 PM
Previous filing: Feb 28, 2023
Next filing: Mar 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAZ	Class A Common Stock	Options Exercise		+28.2K	+32.85%		114K	Mar 1, 2023	Direct	F1
transaction	LAZ	Class A Common Stock	Tax liability	-$495K	-13.3K	-11.62%	$37.36	101K	Mar 1, 2023	Direct	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	Options Exercise		-28.2K	-70.09%		12K	Mar 1, 2023	Class A Common Stock	28.2K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares of Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including certain RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying RSU awards.
F2	Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).
F3	Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of the RSUs referenced in Footnote (1).
F4	Each RSU represents a contingent right to receive one share of Class A Common Stock.