Hoffman Scott D 4
4 · Lazard Ltd · Filed Feb 24, 2023
Insider Transaction Report
Form 4
Lazard LtdLAZ
Hoffman Scott D
General Counsel
Transactions
- Award
Performance-based Restricted Participation Units
2023-02-22+80,938→ 107,918 total→ Class A Common Stock (80,938 underlying)
Footnotes (4)
- [F1]Represents a prior grant of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2019 for which performance conditions have been satisfied. The grant was previously reflected in the Company's proxy statement for the relevant year.
- [F2]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.
- [F3]These PRPUs will vest on or around March 1, 2023.
- [F4]Amount excludes 115,359 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.