Jarrard Michelle 4
4 · Lazard Ltd · Filed Jul 31, 2020
Insider Transaction Report
Form 4
Lazard LtdLAZ
Jarrard Michelle
Director
Transactions
- Award
Deferred Stock Units
2020-07-29+329→ 20,358 total→ Class A Common Stock (329 underlying)
Footnotes (2)
- [F1]The reporting person was recently appointed as a member of Lazard Ltd's Audit Committee, and a pro-rated number of Deferred Stock Units ("DSUs") was awarded under Lazard Ltd's 2018 Incentive Compensation Plan as part of the Non-Executive Director Compensation arrangement.
- [F2]The DSUs will be converted into Class A Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard Ltd.