4//SEC Filing
Russo Evan L 4
Accession 0001628280-25-013281
CIK 0001311370other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 6:42 PM ET
Size
12.1 KB
Accession
0001628280-25-013281
Insider Transaction Report
Form 4
Lazard, Inc.LAZ
Russo Evan L
CEO of Asset Management
Transactions
- Award
Restricted Participation Units
2025-03-14+159,353→ 358,299 total→ Common Stock (159,353 underlying) - Exercise/Conversion
Performance-based Restricted Participation Units
2025-03-13−254,467→ 0 total→ Common Stock (254,467 underlying) - Exercise/Conversion
Common Stock
2025-03-13+254,467→ 417,915 total - Disposition to Issuer
Common Stock
2025-03-13$45.09/sh−100,000$4,509,000→ 317,915 total
Footnotes (9)
- [F1]Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5).
- [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.
- [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).
- [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).
- [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.
- [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.
- [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.
- [F8]These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027.
- [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.
Documents
Issuer
Lazard, Inc.
CIK 0001311370
Entity typeother
Related Parties
1- filerCIK 0001717489
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 6:42 PM ET
- Size
- 12.1 KB