Form 4: Lazard CEO of Asset Management, Evan L. Russo, Reports Stock Transactions
SEC Form 4 Filing
Evan L. Russo, CEO of Asset Management at Lazard, reports the acquisition and disposal of Lazard's common stock and derivative securities.
Summary
- On March 13, 2025, Evan L. Russo, CEO of Asset Management at Lazard, acquired 254,467 shares of common stock through the exchange of Performance-based Restricted Participation Units (PRPUs).
- On the same day, Russo disposed of 100,000 shares of common stock at a price of $45.09 to cover estimated taxes arising from the exchange of the PRPUs.
- Following these transactions, Russo directly owns 317,915 shares of Lazard's common stock, excluding 19,336 shares held in Jamker Investments LLC.
- On March 14, 2025, Russo acquired 159,353 Restricted Participation Units (RPUs) that will vest on or around March 15, 2027.
- Following these transactions, Russo directly owns 358,299 Restricted Participation Units (RPUs).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Exchange of Performance-based Restricted Participation Units (PRPUs) for common stock and sale of common stock for tax obligations. |
| 03/14/2025 | Acquisition of Restricted Participation Units (RPUs). |
| 03/15/2027 | Vesting date for Restricted Participation Units (RPUs). |
| 03/17/2025 | Date of signature for the report. |
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