4//SEC Filing
Orszag Peter Richard 4
Accession 0001837678-25-000005
CIK 0001311370other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 8:06 PM ET
Size
11.4 KB
Accession
0001837678-25-000005
Insider Transaction Report
Form 4
Lazard, Inc.LAZ
Orszag Peter Richard
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2025-09-15+64,949→ 235,234 total - Sale
Common Stock
2025-09-16$54.09/sh−32,475$1,756,573→ 183,274 total - Disposition to Issuer
Common Stock
2025-09-15$55.59/sh−19,485$1,083,171→ 215,749 total - Exercise/Conversion
Restricted Stock Units
2025-09-15−64,949→ 0 total→ Common Stock (64,949 underlying)
Footnotes (8)
- [F1]Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Stock Units ("RSUs") into shares of Common Stock.
- [F2]Represents shares of Common Stock sold to the Company to cover estimated taxes.
- [F3]Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the exchange date of the RSUs referenced in Footnote (6).
- [F4]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures.
- [F5]The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 16, 2025 in trades with average execution prices ranging from $53.76 to $54.53 inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price ranges set forth in this report.
- [F6]Represents a prior grant of RSUs awarded for which service and other conditions have been satisfied.
- [F7]Each RSU represents a contingent right to receive one share of Common Stock.
- [F8]Amount excludes a prior grant of 1,250,000 Stock Price Performance-based Restricted Participation Units and 306,546 Restricted Participation Units, each of which was reflected in the Company's proxy statement for the relevant year.
Documents
Issuer
Lazard, Inc.
CIK 0001311370
Entity typeother
Related Parties
1- filerCIK 0001837678
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 8:06 PM ET
- Size
- 11.4 KB