Alexandra Soto - Mar 1, 2024 Form 4 Insider Report for Lazard, Inc. (LAZ)

Role
Chief Operating Officer
Signature
/s/ Alexandra Soto by Shari L. Soloway under a P of A
Stock symbol
LAZ
Transactions as of
Mar 1, 2024
Transactions value $
-$1,376,726
Form type
4
Date filed
3/5/2024, 04:06 PM
Previous filing
Feb 26, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Common Stock Options Exercise +63.2K +62.64% 164K Mar 1, 2024 Direct F1
transaction LAZ Common Stock Options Exercise +12.8K +7.82% 177K Mar 1, 2024 Direct F2
transaction LAZ Common Stock Tax liability -$1.38M -35.7K -20.2% $38.54 141K Mar 1, 2024 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 Performance-based Restricted Stock Units Options Exercise -63.2K -100% 0 Mar 1, 2024 Common Stock 63.2K Direct F5
transaction LAZ Restricted Stock Units Options Exercise -12.8K -7.97% 148K Mar 1, 2024 Common Stock 12.8K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2020, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. This grant's performance metrics were the same as those applicable to performance-based equity awards awarded with respect to compensation for 2020 as previously reflected in the Company's proxy statement for the relevant year.
F2 Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of RSUs, including certain RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying RSU awards.
F3 Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of PRSUs and RSUs referenced in Footnotes (1) and (2).
F4 Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the PRSUs and RSUs referenced in Footnotes (1) and (2).
F5 Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.
F6 Each RSU represents a contingent right to receive one share of Common Stock.