Form 4 for LAZ Lazard, Inc.
Accepted 2025-03-17 00:00:00 ET · period of report 2025-03-13 · accession 0001628280-25-013281 · 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 | 2025-03-17 | 2025-03-13 | LAZ | Russo Evan L | CEO of Asset Management | M - OptEx | — | +254.5K | 417.9K | +156% | — |
| D | 2025-03-17 | 2025-03-13 | LAZ | Russo Evan L | CEO of Asset Management | D - Sale to Iss | $45.09 | -100.0K | 317.9K | -24% | -$4.51M |
| D | 2025-03-17 | 2025-03-14 | LAZ | Russo Evan L | CEO of Asset Management | A - Grant | — | +159.4K | 358.3K | +80% | — |
| D | 2025-03-17 | 2025-03-13 | LAZ | Russo Evan L | CEO of Asset Management | M - OptEx | — | -254.5K | 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 | Common Stock | 2025-03-13 | M | A | 254,467 | — | 417,915 | D | — | — | (F1) Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5). (F2) Excludes 19,336 shares held in Jamker Investments LLC, of which the Reporting Person is an authorized individual. Jamker Investments LLC is beneficially owned directly and indirectly (via a trust) by the Reporting Person. |
| 2 | Common | Common Stock | 2025-03-13 | D | D | 100,000 | $45.09 | 317,915 | D | — | — | (F3) Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (5). (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 PRPUs referenced in Footnote (5). (F2) Excludes 19,336 shares held in Jamker Investments LLC, of which the Reporting Person is an authorized individual. Jamker Investments LLC is beneficially owned directly and indirectly (via a trust) by the Reporting Person. |
| 3 | Derivative | Restricted Participation Units | 2025-03-14 | A | A | 159,353 | — | 358,299 | D | — · — to — | 159,353 Common Stock | (F9) Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock. (F7) Amount excludes a prior grant of 1,000,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year. (F8) These Restricted Participation Units ("RPUs") will vest on or around March 15, 2027. |
| 4 | Derivative | Performance-based Restricted Participation Units | 2025-03-13 | M | D | 254,467 | — | 0 | D | — · — to — | 254,467 Common Stock | (F5) Represents a prior grant of PRPUs awarded with respect to compensation for 2021 of which performance and other conditions have been satisfied. The grant at target was 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 Common Stock. (F7) Amount excludes a prior grant of 1,000,000 Stock Price Performance-based Restricted Participation Units, which was reflected in the Company's proxy statement for the relevant year. (F1) Shares of Common Stock were acquired upon the exchange of the Performance-based Restricted Participation Units ("PRPUs") referenced in Footnote (5). |