Form 4: Lazard CEO Peter Orszag Reports Acquisition of Restricted Stock Units

Lazard's CEO, Peter Orszag, reports acquiring additional Restricted Stock Units (RSUs) through dividend equivalent reinvestment.

Summary

• Peter Orszag, CEO and Chairman of Lazard, Inc., filed a Form 4 on May 20, 2025, reporting a transaction on May 16, 2025.
• He acquired 687 Restricted Stock Units (RSUs) due to dividend equivalent reinvestment provisions of underlying RSU awards.
• Each RSU represents a contingent right to receive one share of Lazard's Common Stock.
• The RSUs vest on or around September 3, 2025.
• Following the reported transaction, Orszag beneficially owns 64,353 RSUs.
• This amount excludes 170,285 shares of Common Stock directly or indirectly beneficially owned by Orszag.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. There are no indications of significant positive or negative implications.

Positives

• The acquisition of RSUs through dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's performance.

Key Dates

Keywords

Lazard, Orszag, Restricted Stock Units, RSUs, Dividend Reinvestment, Beneficial Ownership, Form 4, SEC, LAZ