Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LAZ | Common Stock | Options Exercise | +662 | 662 | Feb 13, 2024 | Direct | F1 | |||
transaction | LAZ | Common Stock | Tax liability | -$10.7K | -277 | -41.84% | $38.55 | 385 | Feb 13, 2024 | Direct | F2, F3 |
transaction | LAZ | Common Stock | Sale | -$14.3K | -385 | -100% | $37.22 | 0 | Feb 14, 2024 | Direct | F4, F5 |
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 | -662 | -11.54% | 5.07K | Feb 13, 2024 | Common Stock | 662 | Direct | F6, F7 |
Id | Content |
---|---|
F1 | Shares of Common Stock were acquired by the Reporting Person upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"). |
F2 | Represents shares of Common Stock withheld by the issuer to cover taxes arising from the vesting of RSUs referenced in Footnote (1). |
F3 | Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the RSUs referenced in Footnote (1). |
F4 | In connection with the vesting of RSUs, the issuer permitted its employees to make an election during an open trading window while not in possession of material non-public information for an independent broker to sell shares of Common Stock in multiple transactions on the open market at prevailing market prices from February 14, 2024 through March 1, 2024. The Reporting Person irrevocably committed to sell an aggregate of 385 shares of Common Stock in accordance with the foregoing procedures. |
F5 | Estimated price per share based on the New York Stock Exchange closing price of Common Stock on February 14, 2024, the first day of execution by the independent broker of the trading procedures described in Footnote (4). The Reporting Person undertakes to amend this report following the final determination of the sale prices of the Common Stock sold in this transaction. |
F6 | Each RSU represents a contingent right to receive one share of Common Stock. |
F7 | As previously announced by the issuer in a Current Report on Form 8-K filed on February 1, 2024, the issuer accelerated vesting of certain deferred incentive compensation awards, including the Reporting Person's RSUs reported herein, which were originally scheduled to vest March 1, 2024. |