Lazard (LAZ) CFO Tracy Farr Receives 426 RSUs

What Happened Tracy Farr, Chief Financial Officer of Lazard, received 426 restricted stock units (RSUs) on August 14, 2026. These were granted as dividend-equivalent reinvestment units (no cash purchase) and are derivative awards (no per-share price reported). The filing reports the RSUs as contingent rights to receive one share of common stock upon vesting; total dollar value is not disclosed in the Form 4.

Key Details

• Transaction date: 2026-08-14; Form 4 filed 2026-08-18 (timely within the two-business-day requirement).
• Transaction type: A = Award/Grant (derivative RSUs); price reported as N/A.
• Units acquired: 426 RSUs (received pursuant to dividend equivalent reinvestment of underlying RSU awards).
• Vesting schedule: 233 RSUs vest on or around March 1, 2027; 146 RSUs vest on or around March 1, 2028; 47 RSUs vest on or around March 1, 2029.
• Each RSU represents a contingent right to receive one share of Lazard common stock upon vesting.
• Footnote: the reported amount excludes 2,889 shares of common stock directly or indirectly beneficially owned by the reporting person.

Context These RSUs were credited as dividend equivalents to existing RSU awards, not purchased in the open market. RSUs are forfeitable until they vest and convert into actual shares, so this grant does not necessarily reflect an immediate change in market exposure. The filing was submitted on 8/18/2026 for an 8/14/2026 transaction and appears timely under Form 4 rules.