Form 4 for LAZ Lazard, Inc.
Accepted 2024-03-13 00:00:00 ET · period of report 2024-03-11 · accession 0001209191-24-004818 · 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 | 2024-03-13 | 2024-03-11 | LAZ | Orszag Peter Richard | CEO, Dir | M - OptEx | — | +77.8K | 151.5K | +105% | — |
| D | 2024-03-13 | 2024-03-11 | LAZ | Orszag Peter Richard | CEO, Dir | D - Sale to Iss | $39.20 | -50.0K | 101.5K | -33% | -$1.96M |
| D | 2024-03-13 | 2024-03-11 | LAZ | Orszag Peter Richard | CEO, Dir | M - OptEx | — | -77.8K | 138.3K | -36% | — |
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 | 2024-03-11 | M | A | 77,781 | — | 151,522 | D | — | — | (F1) Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Common Stock. (F2) Amount excludes 143,813 restricted stock units directly or indirectly beneficially owned by the reporting person. |
| 2 | Common | Common Stock | 2024-03-11 | D | D | 50,000 | $39.20 | 101,522 | D | — | — | (F3) Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of PRUs referenced in Footnote (1). (F4) Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the PRUs referenced in Footnote (1). (F2) Amount excludes 143,813 restricted stock units directly or indirectly beneficially owned by the reporting person. |
| 3 | Derivative | Restricted Participation Rights | 2024-03-11 | M | D | 77,781 | — | 138,340 | D | — · — to — | 77,781 Common Stock | (F5) Represents a prior grant of PRUs awarded with respect to compensation for 2020 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 Common Stock. (F1) Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Participation Units ("PRU") into shares of Common Stock. |