Key facts
- This page summarizes Scott D. Hoffman's Form 4 filing for Lazard Ltd (LAZ).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Mar 2023, 17:16.
Scott D. Hoffman - 08 Mar 2023 Form 4 Insider Report for Lazard Ltd (LAZ)
- Reporting relationship
- CAO and General Counsel
- Issuer ticker
- LAZ
- Reported as of
- 08 Mar 2023
- Net transaction value
- -$2,663,704
- SEC form
- 4
- Accepted by SEC
- 10 Mar 2023, 17:16:08 UTC
- Prior SEC filing
- 24 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott D. Hoffman
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Scott D. Hoffman filed Form 4 for Lazard Ltd (LAZ) on 10 Mar 2023.
Change
- Previous filing in this sequence was filed on 24 Feb 2023.
- Current net transaction value: -$2,663,704.
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
- +107,918
- Change %
- +94%
- Price
- Shares after
- 223,277
- Date
- 08 Mar 2023
- Ownership
- Direct
- Footnotes
- F1
LAZ
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $2,663,704
- Shares
- -71,992
- Change %
- -32%
- Price
- $37.00
- Shares after
- 151,285
- Date
- 08 Mar 2023
- 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
- -107,918
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 08 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 107,918
- 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, including 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 2019 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.