Form 4: Lazard CEO Sells Shares
Insider Transaction (Form 4)
Peter Richard Orszag, CEO & Chairman and a Director of Lazard, Inc., sold 125,000 shares of common stock on August 24, 2026 for $43.52 per share.
Summary
- Option exercise/conversion: acquired 250,000 Common Stock on August 24, 2026; holds 460,942 after (Direct).
- Disposition to the issuer: disposed of 75,000 Common Stock on August 24, 2026; holds 385,942 after (Direct).
- Open-market sale: disposed of 125,000 Common Stock at $43.52 ($5,440,038) on August 25, 2026; holds 260,942 after (Direct).
- Option exercise/conversion: disposed of 250,000 Stock Price Profits Interest Participation Rights on August 24, 2026; holds 1,000,000 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $5,440,038 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Peter Richard Orszag — Director, Officer (CEO & Chairman)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-24 | Option exercise/conversion | Common Stock | 250,000 | — | — | 460,942 |
| 2026-08-24 | Disposition to the issuer | Common Stock | 75,000 | — | — | 385,942 |
| 2026-08-25 | Open-market sale | Common Stock | 125,000 | $44 | $5.4M | 260,942 |
| 2026-08-24 | Option exercise/conversion | Stock Price Profits Interest Participation Rights | 250,000 | — | — | 1,000,000 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-24 | Option exercise/conversion (250,000 shares) |
| 2026-08-24 | Disposition to the issuer (75,000 shares) |
| 2026-08-25 | Open-market sale (125,000 shares) |
| 2026-08-24 | Option exercise/conversion (250,000 shares) |
Keywords
insider transaction, Form 4, LAZ, Lazard, Inc., bearish, Peter Richard Orszag
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