Gathy Michael 4

What Happened

• Michael Gathy, Chief Accounting Officer of Lazard, received an award of 134 restricted stock units (RSUs) on May 22, 2026. The filing lists the acquisition as a derivative award (no per-share price or immediate cash value reported). The grant resulted from dividend-equivalent reinvestment of underlying RSU awards.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-26 (filed within the typical reporting window).
• Amount: 134 RSUs acquired (each RSU represents a contingent right to one share).
• Vesting: 62 RSUs vest on or about March 1, 2027; 53 RSUs on or about March 1, 2028; 19 RSUs on or about March 1, 2029.
• Footnotes: award arose via dividend equivalent reinvestment (F1); each RSU converts to one share upon vesting (F2); vesting schedule as above (F3).
• Ownership disclosure: the filing’s reported amount excludes 1,438 shares of common stock directly or indirectly beneficially owned by Gathy (F4).

Context

• RSU grants are a common form of executive compensation and are not an immediate purchase or sale of stock; they only convert into shares if/when they vest. This award increases potential future share ownership but does not immediately change Gathy’s current share count of vested common stock (the filing excludes 1,438 currently owned shares).