Form 4 for LAZ Lazard, Inc.
Accepted 2024-02-15 00:00:00 ET · period of report 2024-02-13 · accession 0001209191-24-003419 · 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 | 2024-02-15 | 2024-02-13 | LAZ | Gathy Michael | CAO | M - OptEx | — | +662 | 662 | New | — |
| D | 2024-02-15 | 2024-02-14 | LAZ | Gathy Michael | CAO | S - Sale+OE | $37.22 | -385 | 0 | -100% | -$14.3K |
| D | 2024-02-15 | 2024-02-13 | LAZ | Gathy Michael | CAO | F - Tax | $38.55 | -277 | 385 | -42% | -$10.7K |
| D | 2024-02-15 | 2024-02-13 | LAZ | Gathy Michael | CAO | M - OptEx | — | -662 | 5,074 | -12% | — |
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 | Common Stock | 2024-02-13 | M | A | 662 | — | 662 | D | — | — | (F1) Shares of Common Stock were acquired by the Reporting Person upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"). |
| 2 | Common | Common Stock | 2024-02-14 | S | D | 385 | $37.22 | 0 | D | — | — | (F4) In connection with the vesting of RSUs, the issuer permitted its employees to make an election during an open trading window while not in possession of material non-public information for an independent broker to sell shares of Common Stock in multiple transactions on the open market at prevailing market prices from February 14, 2024 through March 1, 2024. The Reporting Person irrevocably committed to sell an aggregate of 385 shares of Common Stock in accordance with the foregoing procedures. (F5) Estimated price per share based on the New York Stock Exchange closing price of Common Stock on February 14, 2024, the first day of execution by the independent broker of the trading procedures described in Footnote (4). The Reporting Person undertakes to amend this report following the final determination of the sale prices of the Common Stock sold in this transaction. |
| 3 | Common | Common Stock | 2024-02-13 | F | D | 277 | $38.55 | 385 | D | — | — | (F2) Represents shares of Common Stock withheld by the issuer to cover taxes arising from the vesting of RSUs referenced in Footnote (1). (F3) Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the RSUs referenced in Footnote (1). |
| 4 | Derivative | Restricted Stock Units | 2024-02-13 | M | D | 662 | — | 5,074 | D | — · 2024-02-13 to 2024-02-13 | 662 Common Stock | (F7) As previously announced by the issuer in a Current Report on Form 8-K filed on February 1, 2024, the issuer accelerated vesting of certain deferred incentive compensation awards, including the Reporting Person's RSUs reported herein, which were originally scheduled to vest March 1, 2024. (F6) Each RSU represents a contingent right to receive one share of Common Stock. |