Soto Alexandra 4

What Happened

• Alexandra Soto, Chief Operating Officer of Lazard, received an award of 2,553 restricted stock units (RSUs) on Feb 20, 2026. The transaction is reported as a derivative award (2,553 shares @ $0.00), meaning no cash purchase was made at the time of grant.
• The RSUs were acquired pursuant to dividend equivalent reinvestment provisions of underlying RSU awards and represent a contingent right to receive one share of common stock per RSU when they vest.

Key Details

• Transaction date and filing: Transaction reported for 2026-02-20; Form 4 filed 2026-02-23 (appears timely).
• Award details: 2,553 RSUs granted/acquired at $0.00 (derivative award).
• Vesting schedule: 625 RSUs vest on/around March 2, 2026; 927 RSUs vest on/around March 1, 2027; 1,001 RSUs vest on/around March 1, 2028.
• Holdings note: Filing states the amount excludes 113,872 shares of common stock directly or indirectly beneficially owned by Ms. Soto.
• Footnotes: RSUs reflect dividend equivalent reinvestment; each RSU converts to one share upon vesting.

Context

• RSUs are compensation awards, not open-market purchases or sales; they convert to shares only when they vest (so this is routine compensation-related insider activity rather than a direct bullish buy or a sale).
• Any cash value to Ms. Soto will be realized only when RSUs vest and shares are delivered (or sold to cover taxes), and the reported acquisition itself carries no immediate cash outlay.