Form 4 for LAZ Lazard, Inc.
Accepted 2023-03-10 00:00:00 ET · period of report 2023-03-08 · accession 0001209191-23-017942 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-10 | 2023-03-08 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | M - OptEx | — | +39.2K | 112.6K | +53% | — |
| D | 2023-03-10 | 2023-03-08 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | D - Sale to Iss | $37.00 | -38.9K | 73.7K | -35% | -$1.44M |
| D | 2023-03-10 | 2023-03-08 | LAZ | Orszag Peter Richard | CEO of Financial Advisory | M - OptEx | — | -39.2K | 0 | -100% | — |
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 | 2023-03-08 | M | A | 39,214 | — | 112,634 | D | — | — | (F1) Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Class A Common Stock. |
| 2 | Common | Class A Common Stock | 2023-03-08 | D | D | 38,893 | $37.00 | 73,741 | D | — | — | (F2) Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of PRUs referenced in Footnote (1). (F3) Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the exchange date of the PRUs referenced in Footnote (1). (F4) Amount excludes 77,636 restricted stock units directly or indirectly beneficially owned by the reporting person. |
| 3 | Derivative | Restricted Participation Rights | 2023-03-08 | M | D | 39,214 | — | 0 | D | — · — to — | 39,214 Class A Common Stock | (F5) Represents a prior grant of PRUs awarded with respect to compensation for 2019 for which service and other conditions have been satisfied. (F6) Each PRU represents an interest in Lazard Group LLC that may be exchanged for one share of Class A Common Stock. (F1) Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Class A Common Stock. |