Peter R. Orszag - Sep 13, 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
Sep 13, 2024
Transactions value $
-$3,111,750
Form type
4
Date filed
9/17/2024, 05:02 PM
Previous filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Common Stock Options Exercise +84.6K +83.36% 186K Sep 13, 2024 Direct F1
transaction LAZ Common Stock Disposed to Issuer -$3.11M -67.5K -36.26% $46.10 119K Sep 13, 2024 Direct F2, F3

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 Stock Units Options Exercise -84.6K -57.54% 62.5K Sep 13, 2024 Common Stock 84.6K Direct F1, F4, F5
* 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 Stock Units ("RSUs") into shares of Common Stock.
F2 Represents shares of Common Stock sold to the Company to cover estimated taxes and other personal expenditures.
F3 Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the exchange date of the RSUs referenced in Footnote (1).
F4 Represents a prior grant of RSUs awarded for which service and other conditions have been satisfied.
F5 Each RSU represents a contingent right to receive one share of Common Stock.