Kenneth M. Jacobs - Feb 22, 2024 Form 4 Insider Report for Lazard, Inc. (LAZ)

Role
Chairman and CEO, Director
Signature
/s/ Kenneth M. Jacobs by Shari L. Soloway under a P of A
Stock symbol
LAZ
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 08:36 PM
Previous filing
Mar 10, 2023
Next filing
Mar 13, 2024

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 Performance-based Restricted Participation Units Award +321K 321K Feb 22, 2024 Common Stock 321K Direct F1, F2, F3
transaction LAZ Restricted Participation Units Award +220K 220K Feb 22, 2024 Common Stock 220K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a prior grant of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2020 for which performance conditions have been satisfied. The grant was previously reflected in the Company's proxy statement for the relevant year.
F2 Each PRPU (the performance and other conditions of which have been satisfied) represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.
F3 These PRPUs will vest on or around March 11, 2024.
F4 These Restricted Participation Units ("RPUs") will vest on or around March 10, 2026.
F5 Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.
F6 Amount excludes 2,566,976 shares of Common Stock directly or indirectly beneficially owned by the reporting person.