Form 4 for LAZ Lazard, Inc.
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001209191-22-015951 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-03 | 2022-03-01 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | M - OptEx | — | +62.0K | 73.2K | +552% | — |
| D | 2022-03-03 | 2022-03-01 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | D - Sale to Iss | $34.58 | -7,561 | 65.7K | -10% | -$261.5K |
| D | 2022-03-03 | 2022-03-01 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | M - OptEx | — | -62.0K | 39.2K | -61% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-01 | M | A | 3,668 | — | 11,229 | D | — | — | (F1) Shares of unrestricted Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Class A Common Stock, including certain shares of Restricted Class A Common Stock that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards. |
| 2 | Common | Restricted Class A Common Stock | 2022-03-01 | M | D | 3,668 | — | 7,325 | D | — | — | (F1) Shares of unrestricted Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Class A Common Stock, including certain shares of Restricted Class A Common Stock that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards. |
| 3 | Common | Class A Common Stock | 2022-03-01 | M | A | 62,019 | — | 73,248 | D | — | — | (F2) Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("RPU") into shares of Class A Common Stock. |
| 4 | Common | Class A Common Stock | 2022-03-01 | D | D | 7,561 | $34.58 | 65,687 | D | — | — | (F3) Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of RPUs referenced in Footnote (2). (F4) Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the exchange date of the RPUs referenced in Footnote (2). |
| 5 | Derivative | Restricted Participation Units | 2022-03-01 | M | D | 62,019 | — | 39,214 | D | — · — to — | 62,019 Class A Common Stock | (F5) Represents a prior grant of RPUs awarded with respect to compensation for 2018 for which service and other conditions have been satisfied. (F6) Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Class A Common Stock. (F2) Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("RPU") into shares of Class A Common Stock. |