SCHULMAN DANIEL H 4
4 · Lazard, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Lazard (LAZ) Director Daniel H. Schulman Receives Award
What Happened
Daniel H. Schulman, a director of Lazard, Inc. (LAZ), was granted 4,358 Deferred Stock Units (DSUs) on June 1, 2026. The filing reports an acquisition at $0.00 per unit (derivative award), so no cash was exchanged at grant. This transaction is a compensation award to a non‑executive director rather than a market purchase or sale.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03.
- Transaction type: Award/Grant of 4,358 Deferred Stock Units (derivative; reported at $0.00).
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes:
- DSUs were awarded under Lazard’s 2018 Incentive Compensation Plan as part of non‑executive director compensation.
- DSUs convert one-for-one into common stock after the director resigns or otherwise ceases board service.
- No late‑filing flag shown in the filing; Form 4 was submitted two days after the transaction date.
Context
DSUs are a form of deferred compensation for directors and do not represent immediately issued common shares. They will become actual shares (one DSU = one common share) only when the director leaves the board, so this award does not change current voting power or open‑market activity. This is a routine director compensation grant, not a buy or sell indicating an expressed market view.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2]2026-06-01+4,358→ 15,037 totalExercise: $0.00→ Common Stock (4,358 underlying)
Footnotes (2)
- [F1]Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.
- [F2]The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.