Form 4 for LAZ Lazard, Inc.
Accepted 2022-09-08 00:00:00 ET · period of report 2022-09-06 · accession 0001209191-22-049169 · 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 | 2022-09-08 | 2022-09-06 | LAZ | RAGONE DOMINICK | CAO | M - OptEx | — | +1,015 | 20.3K | +5% | — |
| D | 2022-09-08 | 2022-09-06 | LAZ | RAGONE DOMINICK | CAO | F - Tax | $35.76 | -4,193 | 16.1K | -21% | -$149.9K |
| D | 2022-09-08 | 2022-09-06 | LAZ | RAGONE DOMINICK | CAO | M - OptEx | — | -1,015 | 21.1K | -5% | — |
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 | 2022-09-06 | M | A | 1,015 | — | 17,083 | D | — | — | (F1) The reporting person has become eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2022 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") and Restricted Class A Common Shares ("RSAs") that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and RSAs have now become subject to taxation and a portion thereof was settled in Class A Common Stock and retained by the Company in order to cover taxes required to be withheld. The RSUs and RSAs, excluding the portion retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements. |
| 2 | Common | Restricted Class A Common Stock | 2022-09-06 | M | D | 3,178 | — | 3,046 | D | — | — | (F1) The reporting person has become eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2022 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") and Restricted Class A Common Shares ("RSAs") that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and RSAs have now become subject to taxation and a portion thereof was settled in Class A Common Stock and retained by the Company in order to cover taxes required to be withheld. The RSUs and RSAs, excluding the portion retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements. |
| 3 | Common | Class A Common Stock | 2022-09-06 | M | A | 3,178 | — | 20,261 | D | — | — | (F1) The reporting person has become eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2022 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") and Restricted Class A Common Shares ("RSAs") that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and RSAs have now become subject to taxation and a portion thereof was settled in Class A Common Stock and retained by the Company in order to cover taxes required to be withheld. The RSUs and RSAs, excluding the portion retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements. |
| 4 | Common | Class A Common Stock | 2022-09-06 | F | D | 4,193 | $35.76 | 16,068 | D | — | — | (F2) Represents the New York Stock Exchange closing price of Class A Common Stock on September 2, 2022, the trading day immediately preceding the taxation date. |
| 5 | Derivative | Restricted Stock Units | 2022-09-06 | M | D | 1,015 | — | 21,141 | D | — · — to — | 1,015 Class A Common Stock | (F3) Represents prior grants of RSUs (including RSUs previously acquired pursuant to the dividend reinvestment provisions of underlying RSUs) awarded with respect to compensation for 2019, 2020 and 2021. (F1) The reporting person has become eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2022 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") and Restricted Class A Common Shares ("RSAs") that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and RSAs have now become subject to taxation and a portion thereof was settled in Class A Common Stock and retained by the Company in order to cover taxes required to be withheld. The RSUs and RSAs, excluding the portion retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements. |