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

Lazard's CEO, Peter Orszag, reported the acquisition of additional Restricted Stock Units (RSUs) due to dividend equivalent reinvestment.

Summary

• Peter Orszag, CEO of Lazard, reported a transaction on February 21, 2025, involving Restricted Stock Units (RSUs).
• The transaction involved the acquisition of 637 RSUs.
• These RSUs were acquired pursuant to the 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 63,666 RSUs.
• This amount excludes 118,655 shares of Common Stock directly or indirectly beneficially owned by Orszag.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (RSU acquisition via dividend reinvestment) by the CEO, suggesting stability and alignment of interests. It's a neutral-to-slightly positive signal.

Positives

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

Future Outlook

The vesting of the RSUs on or around September 3, 2025, represents a future event where Orszag will be entitled to receive shares of Common Stock.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the CEO's stake in the company.

Key Dates