Form 4 for LAZ Lazard, Inc.
Accepted 2023-03-10 00:00:00 ET · period of report 2023-03-08 · accession 0001209191-23-017945 · 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 | Russo Evan L | CEO of Asset Management | M - OptEx | — | +134.7K | 270.7K | +99% | — |
| D | 2023-03-10 | 2023-03-08 | LAZ | Russo Evan L | CEO of Asset Management | D - Sale to Iss | $37.00 | -56.9K | 213.8K | -21% | -$2.11M |
| D | 2023-03-10 | 2023-03-08 | LAZ | Russo Evan L | CEO of Asset Management | M - OptEx | — | -134.7K | 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 | 134,696 | — | 270,669 | D | — | — | (F1) Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Performance-based Restricted Participation Units ("PRPUs") into shares of Class A Common Stock. (F2) Amount excludes 83,493 shares of Class A Common Stock indirectly beneficially owned by the reporting person by trust. |
| 2 | Common | Class A Common Stock | 2023-03-08 | D | D | 56,917 | $37.00 | 213,752 | D | — | — | (F3) Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (1). (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 PRPUs referenced in Footnote (1). (F2) Amount excludes 83,493 shares of Class A Common Stock indirectly beneficially owned by the reporting person by trust. |
| 3 | Derivative | Performance-based Restricted Participation Units | 2023-03-08 | M | D | 134,696 | — | 0 | D | — · — to — | 134,696 Class A Common Stock | (F5) Represents a prior grant of PRPUs awarded with respect to compensation for 2019 for which performance and other conditions have been satisfied. The grant at target was previously reflected in the Company's proxy statement for the relevant year. (F6) Each PRPU (the performance and other conditions of which have been satisfied) 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 Performance-based Restricted Participation Units ("PRPUs") into shares of Class A Common Stock. |