Peter R. Orszag - Mar 11, 2024 Form 4 Insider Report for Lazard, Inc. (LAZ)

Role
Chief Executive Officer, Director
Signature
/s/ Peter R. Orszag by Shari L. Soloway under a P of A
Stock symbol
LAZ
Transactions as of
Mar 11, 2024
Transactions value $
-$1,960,000
Form type
4
Date filed
3/13/2024, 05:32 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 +77.8K +105.48% 152K Mar 11, 2024 Direct F1, F2
transaction LAZ Common Stock Disposed to Issuer -$1.96M -50K -33% $39.20 102K Mar 11, 2024 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 -77.8K -35.99% 138K Mar 11, 2024 Common Stock 77.8K 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 Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Common Stock.
F2 Amount excludes 143,813 restricted stock units directly or indirectly beneficially owned by the reporting person.
F3 Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of PRUs referenced in Footnote (1).
F4 Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the PRUs referenced in Footnote (1).
F5 Represents a prior grant of PRUs awarded with respect to compensation for 2020 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 Common Stock.