Harrison Peter 4

What Happened

• Peter Harrison, a member of Lazard, Inc.'s Board of Directors, received a grant of 3,777 deferred stock units (DSUs) on June 1, 2026.
• The reported transaction is an award (derivative grant) shown at $0.00 per unit in the Form 4 (no cash exchanged at grant).
• These DSUs are part of Lazard’s Non-Executive Director compensation and will convert into common shares on a one-for-one basis when Harrison resigns or otherwise ceases to be a director.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-03 (appears timely).
• Amount granted: 3,777 DSUs; reported price: $0.00 (award/derivative).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1—DSUs awarded under Lazard’s 2018 Incentive Compensation Plan for non-executive directors. F2—DSUs convert 1:1 to common stock upon board departure.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided data.

Context

• DSUs are a common form of deferred compensation for non-executive directors; they typically do not represent an immediate change in market exposure until converted to shares.
• Because this is an award (not a purchase or sale), it should be viewed as routine director compensation rather than a direct signal of insider buying or selling interest.