4//SEC Filing
Russo Evan L 4
Accession 0001209191-24-004816
CIK 0001311370other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 5:27 PM ET
Size
12.1 KB
Accession
0001209191-24-004816
Insider Transaction Report
Form 4
Lazard, Inc.LAZ
Russo Evan L
CEO of Asset Management
Transactions
- Exercise/Conversion
Common Stock
2024-03-11+168,539→ 377,448 total - Sale
Common Stock
2024-03-13$39.35/sh−75,000$2,951,250→ 227,448 total - Exercise/Conversion
Performance-based Restricted Participation Units
2024-03-11−168,539→ 0 total→ Common Stock (168,539 underlying) - Disposition to Issuer
Common Stock
2024-03-11$39.20/sh−75,000$2,940,000→ 302,448 total
Footnotes (7)
- [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.
- [F2]Amount excludes 84,336 shares of Common Stock indirectly beneficially owned by the reporting person by trust and 198,946 restricted participation units directly or indirectly beneficially owned by the reporting person.
- [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).
- [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).
- [F5]The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 13, 2024 in trades with average execution prices ranging from $39.25 to $39.50, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.
- [F6]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.
- [F7]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.
Documents
Issuer
Lazard, Inc.
CIK 0001311370
Entity typeother
Related Parties
1- filerCIK 0001717489
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 5:27 PM ET
- Size
- 12.1 KB