Farr Tracy 4

What Happened

• Farr Tracy, Chief Financial Officer of Lazard, was granted 12,982 restricted stock units (RSUs) on March 17, 2026. The filing lists this as an award/acquisition (transaction code A) of derivative securities; no per-share price or immediate cash value is reported.

Key Details

• Transaction date: 2026-03-17; Form 4 filed 2026-03-18 (timely).
• Transaction type/code: Award/Grant of RSUs (derivative), code A.
• Price/Value reported: N/A (RSUs are granted as contingent rights to receive shares upon vesting).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • Each RSU equals a contingent right to receive one share of common stock.
  • Vesting schedule: 4,327 RSUs vest on or around March 1, 2027; 4,327 on/around March 1, 2028; and 4,328 on/around March 1, 2029.
• No indication in the filing of tax withholding, a 10b5-1 plan, or a late filing.

Context

• RSUs are a form of equity compensation (a derivative award) that convert into actual shares only if/when they vest per the stated schedule. This grant is a compensation/retention award rather than an open-market purchase or sale and does not by itself indicate an immediate cash transaction.