Key facts
- This page summarizes Ashish Bhutani's Form 4 filing for Lazard Ltd (LAZ).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Mar 2022, 18:54.
Ashish Bhutani - 01 Mar 2022 Form 4 Insider Report for Lazard Ltd (LAZ)
- Reporting relationship
- CEO of Lazard Asset Management, Director
- Issuer ticker
- LAZ
- Reported as of
- 01 Mar 2022
- Net transaction value
- -$3,300,868
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2022, 18:54:48 UTC
- Prior SEC filing
- 25 Feb 2022
- Next SEC filing
- 15 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ashish Bhutani by Scott D. Hoffman under a P of A
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ashish Bhutani filed Form 4 for Lazard Ltd (LAZ) on 03 Mar 2022.
Change
- Previous filing in this sequence was filed on 25 Feb 2022.
- Current net transaction value: -$3,300,868.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LAZ
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +217,937
- Change %
- +31%
- Price
- Shares after
- 930,367
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
LAZ
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $3,300,868
- Shares
- -95,456
- Change %
- -10%
- Price
- $34.58
- Shares after
- 834,911
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LAZ
transaction
Derivative
Performance-based Restricted Participation Units
Options Exercise
- Transaction value
- Shares
- -217,937
- Change %
- -82%
- Price
- Shares after
- 49,342
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 217,937
- Exercise price
- Footnotes
- F1, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Performance-based Restricted Participation Units ("PRPUs") into shares of Class A Common Stock.
Footnote F2
Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (1).
Footnote F3
Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the exchange date of the PRPUs referenced in Footnote (1).
Footnote F4
Represents a prior grant of PRPUs awarded with respect to compensation for 2018 for which performance and other conditions have been satisfied. The grant at target was previously reflected in the Company's proxy statement for the relevant year.
Footnote F5
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 Class A Common Stock.