Form 4: Lazard CEO Peter Orszag Reports Stock Transactions
SEC Form 4 Filing
Lazard CEO Peter Orszag reports the acquisition and disposal of Lazard Inc. common stock and the exchange of Restricted Stock Units (RSUs) into shares.
Summary
- On September 13, 2024, Peter Orszag, CEO of Lazard, engaged in transactions involving Lazard Inc. common stock.
- He acquired 84,633 shares of common stock through the exchange of previously granted Restricted Stock Units (RSUs).
- Concurrently, he disposed of 67,500 shares to cover estimated taxes and personal expenditures at a price of $46.1 per share.
- Following these transactions, Orszag directly owns 118,655 shares of Lazard Inc. common stock.
- He also holds 62,461 Restricted Stock Units, each representing a contingent right to receive one share of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard stock transactions by an executive. 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 by a key executive.
- The sale of shares to cover taxes could slightly dilute the stock.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of stock acquisition and disposal, and RSU exchange. |
| 09/17/2024 | Date of signature for the report. |
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