Farr Tracy 4

What Happened

• Farr Tracy, Chief Financial Officer of Lazard, received an award of 393 restricted stock units (RSUs) on May 22, 2026. The filing lists this as an acquisition of a derivative security (RSUs); no per-share price or cash paid is reported.
• Each RSU represents a contingent right to one share of Lazard common stock. The RSUs were granted in part via dividend-equivalent reinvestment provisions of underlying RSU awards.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-26 (appears to be filed within the SEC’s 2-business-day window).
• Transaction type/code: Award/Grant (Derivative; code A).
• Shares/units granted: 393 RSUs (no cash price reported).
• Vesting schedule: 214 RSUs vest on or around March 1, 2027; 135 RSUs vest on or around March 1, 2028; 44 RSUs vest on or around March 1, 2029.
• Holdings: Filing notes 2,889 shares of common stock are directly or indirectly beneficially owned by the reporting person (this amount is reported separately from the newly granted RSUs).
• Footnotes: RSUs were acquired pursuant to dividend-equivalent reinvestment (F1); each RSU equals one share on vesting (F2); vesting tranches detailed (F3); prior stock ownership excluded from the grant count (F4).
• No indication of tax withholding, sale, exercise, or a 10b5-1 plan in this filing.

Context

• RSU grants are typically part of compensation and do not reflect an open‑market purchase or sale. They provide future equity if vesting conditions are met; they are not immediate cash transactions.
• For investors, awards can indicate alignment of executives with shareholder value over time, but they are routine compensation events and should be weighed with other insider trades and company fundamentals.