Key facts
- This page summarizes Kenneth M. Jacobs's Form 4 filing for Lazard, Inc. (LAZ).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Mar 2024, 17:30.
Kenneth M. Jacobs - 11 Mar 2024 Form 4 Insider Report for Lazard, Inc. (LAZ)
- Reporting relationship
- Director
- Issuer ticker
- LAZ
- Reported as of
- 11 Mar 2024
- Net transaction value
- -$6,272,000
- SEC form
- 4
- Accepted by SEC
- 13 Mar 2024, 17:30:52 UTC
- Prior SEC filing
- 26 Feb 2024
- Next SEC filing
- 04 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kenneth M. Jacobs by Shari L. Soloway 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
Kenneth M. Jacobs filed Form 4 for Lazard, Inc. (LAZ) on 13 Mar 2024.
Change
- Previous filing in this sequence was filed on 26 Feb 2024.
- Current net transaction value: -$6,272,000.
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
Common Stock
Options Exercise
- Transaction value
- Shares
- +321,025
- Change %
- +16%
- Price
- Shares after
- 2,303,722
- Date
- 11 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2
LAZ
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $6,272,000
- Shares
- -160,000
- Change %
- -6.9%
- Price
- $39.20
- Shares after
- 2,143,722
- Date
- 11 Mar 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4
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
- -321,025
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 11 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 321,025
- Exercise price
- Footnotes
- F1, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Shares of Common Stock were acquired upon the exchange of a prior grant of Performance-based Restricted Participation Units ("PRPUs") into shares of Common Stock.
Footnote F2
Amount excludes 584,279 shares of Common Stock indirectly beneficially owned by the reporting person by trust and 220,026 restricted participation units directly or indirectly beneficially owned by the reporting person.
Footnote F3
Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (1).
Footnote 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 PRPUs referenced in Footnote (1).
Footnote F5
Represents a prior grant of PRPUs awarded with respect to compensation for 2020 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 F6
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 Common Stock.