Form 4 for LAZ Lazard, Inc.
Accepted 2026-03-18 00:00:00 ET · period of report 2026-03-16 · accession 0001628280-26-019554 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-03-18 | 2026-03-17 | LAZ | Orszag Peter Richard | CEO, COB, Dir | S - Sale+OE | $40.76 | -69.2K | 210.9K | -25% | -$2.82M |
| D | 2026-03-18 | 2026-03-16 | LAZ | Orszag Peter Richard | CEO, COB, Dir | D - Sale to Iss | $40.82 | -41.5K | 280.1K | -13% | -$1.69M |
| D | 2026-03-18 | 2026-03-16 | LAZ | Orszag Peter Richard | CEO, COB, Dir | M - OptEx | — | +138.3K | 321.6K | +75% | — |
| D | 2026-03-18 | 2026-03-16 | LAZ | Orszag Peter Richard | CEO, COB, Dir | M - OptEx | — | -138.3K | 168.2K | -45% | — |
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 | 2026-03-17 | S | D | 67,170 | $40.73 | 212,942 | D | — | — | (F4) This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures. (F5) The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2026 in trades with average execution prices ranging from $40.45 to $41.44 inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price ranges set forth in this report. |
| 2 | Common | Common Stock | 2026-03-17 | S | D | 2,000 | $41.66 | 210,942 | D | — | — | (F4) This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures. (F6) The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 17, 2026 in trades with average execution prices ranging from $41.45 to $42.00 inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price ranges set forth in this report. |
| 3 | Common | Common Stock | 2026-03-16 | D | D | 41,502 | $40.82 | 280,112 | D | — | — | (F2) Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of RPUs referenced in Footnote (7). (F3) 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 RPUs referenced in Footnote (7). |
| 4 | Common | Common Stock | 2026-03-16 | M | A | 138,340 | — | 321,614 | D | — | — | (F1) Shares of Common Stock were acquired upon the exchange of the Restricted Participation Units ("RPUs") referenced in Footnote (7). |
| 5 | Derivative | Restricted Participation Units | 2026-03-16 | M | D | 138,340 | — | 168,206 | D | — · — to — | 138,340 Common Stock | (F7) Represents a prior grant of RPUs awarded with respect to compensation for 2022 for which service and other conditions have been satisfied. (F8) 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 the Restricted Participation Units ("RPUs") referenced in Footnote (7). |