Alper Andrew M 4
4 · Lazard, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Lazard (LAZ) Director Andrew M. Alper Receives Award
What Happened Andrew M. Alper, a director of Lazard, Inc. (LAZ), was granted 4,068 deferred stock units (DSUs) on June 1, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (no cash paid). These DSUs are part of the non-executive director compensation program and are not immediate common shares.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
- Award: 4,068 Deferred Stock Units (DSUs) acquired at $0.00 (derivative award).
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: DSUs awarded under Lazard’s 2018 Incentive Compensation Plan as part of Non‑Executive Director Compensation.
- Footnote F2: DSUs convert into common stock on a one-for-one basis only after the reporting person resigns or otherwise ceases to be a Lazard director.
- Transaction type code: A (award/grant).
Context DSUs are a form of deferred compensation for directors; they don’t increase Lazard’s outstanding common shares until converted and therefore don’t represent an immediate market purchase or sale. Because conversion occurs only when Alper ceases board service, this award is a compensation event rather than a liquidity/market-timing trade.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2]2026-06-01+4,068→ 103,774 totalExercise: $0.00→ Common Stock (4,068 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.