Lazard (LAZ) CFO Tracy Farr Receives RSU Award

What Happened Tracy Farr, Chief Financial Officer of Lazard, was granted 295 restricted stock units (RSUs) on February 20, 2026 (transaction code A). The Form 4 reports an acquisition price of $0.00 per RSU; these are derivative awards (RSUs), not open-market purchases or sales. RSUs represent a contingent right to receive one share of Lazard common stock upon vesting.

Key Details

• Transaction date: 2026-02-20 (Form filed 2026-02-23; filing appears timely under Section 16 rules).
• Instrument: 295 RSUs (derivative award), acquisition price $0.00.
• Vesting schedule (per footnotes): 58 RSUs vest on/around March 2, 2026; 155 RSUs vest on/around March 1, 2027; 82 RSUs vest on/around March 1, 2028.
• Footnotes: These RSUs were credited pursuant to dividend-equivalent reinvestment provisions of underlying RSU awards; each RSU equals a contingent right to one share.
• Shares owned after transaction: Not specified in the provided filing.

Context RSUs are a form of equity compensation that convert to shares when they vest; they are not an immediate cash purchase or sale and do not necessarily signal insider buying or selling intent. These additional RSUs reflect dividend-equivalent reinvestment tied to prior RSU awards and will result in shares (and potential tax events) when they vest.