Peter R. Orszag - Mar 8, 2023 Form 4 Insider Report for Lazard Ltd (LAZ)

Role
CEO of Financial Advisory
Signature
/s/ Peter R. Orszag by Scott D. Hoffman under a P of A
Stock symbol
LAZ
Transactions as of
Mar 8, 2023
Transactions value $
-$1,439,041
Form type
4
Date filed
3/10/2023, 05:11 PM
Previous filing
Mar 3, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Class A Common Stock Options Exercise +39.2K +53.41% 113K Mar 8, 2023 Direct F1
transaction LAZ Class A Common Stock Disposed to Issuer -$1.44M -38.9K -34.53% $37.00 73.7K Mar 8, 2023 Direct F2, 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 Participation Rights Options Exercise -39.2K -100% 0 Mar 8, 2023 Class A Common Stock 39.2K Direct F1, F5, F6
* 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 exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Class A Common Stock.
F2 Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of PRUs 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 exchange date of the PRUs referenced in Footnote (1).
F4 Amount excludes 77,636 restricted stock units directly or indirectly beneficially owned by the reporting person.
F5 Represents a prior grant of PRUs awarded with respect to compensation for 2019 for which service and other conditions have been satisfied.
F6 Each PRU represents an interest in Lazard Group LLC that may be exchanged for one share of Class A Common Stock.