Key facts
- This page summarizes Evan L. Russo's Form 4 filing for Lazard, Inc. (LAZ).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 17 Mar 2025, 18:42.
Evan L. Russo - 13 Mar 2025 Form 4 Insider Report for Lazard, Inc. (LAZ)
- Reporting relationship
- CEO of Asset Management
- Issuer ticker
- LAZ
- Reported as of
- 13 Mar 2025
- Net transaction value
- -$4,509,000
- SEC form
- 4
- Accepted by SEC
- 17 Mar 2025, 18:42:40 UTC
- Prior SEC filing
- 14 Feb 2025
- Next SEC filing
- 11 Sep 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Evan L. Russo 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
Evan L. Russo filed Form 4 for Lazard, Inc. (LAZ) on 17 Mar 2025.
Change
- Previous filing in this sequence was filed on 14 Feb 2025.
- Current net transaction value: -$4,509,000.
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
- +254,467
- Change %
- +156%
- Price
- Shares after
- 417,915
- Date
- 13 Mar 2025
- Ownership
- Direct
- Footnotes
- F1, F2
LAZ
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $4,509,000
- Shares
- -100,000
- Change %
- -24%
- Price
- $45.09
- Shares after
- 317,915
- Date
- 13 Mar 2025
- 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
- -254,467
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 13 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 254,467
- Exercise price
- Footnotes
- F1, F5, F6, F7
LAZ
transaction
Derivative
Restricted Participation Units
Award
- Transaction value
- Shares
- +159,353
- Change %
- +80%
- Price
- Shares after
- 358,299
- Date
- 14 Mar 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 159,353
- Exercise price
- Footnotes
- F7, F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5).
Footnote F2
Excludes 19,336 shares held in Jamker Investments LLC, of which the Reporting Person is an authorized individual. Jamker Investments LLC is beneficially owned directly and indirectly (via a trust) 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 (5).
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 (5).
Footnote F5
Represents a prior grant of PRPUs awarded with respect to compensation for 2021 of which performance and other conditions have been satisfied. The grant at target was 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.
Footnote F7
Amount excludes a prior grant of 1,000,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year.
Footnote F8
These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.
Footnote F9
Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.