Form 4: Lazard CFO Mary Ann Betsch Reports Acquisition of Restricted Participation Units
SEC Form 4 Filing
Mary Ann Betsch, CFO of Lazard, Inc., reported the acquisition of 57,737 Restricted Participation Units (RPUs) on March 14, 2025.
Summary
- On March 14, 2025, Mary Ann Betsch, the Chief Financial Officer of Lazard, Inc., acquired 57,737 Restricted Participation Units (RPUs).
- These RPUs will vest on or around March 15, 2027.
- Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and can be exchanged for one share of Common Stock.
- Following the transaction, Ms. Betsch beneficially owns 88,040 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The RPUs will vest on or around March 15, 2027, and each RPU can be exchanged for one share 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 acquisition of RPUs by the CFO aligns her interests with those of the shareholders, as the value of the RPUs is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Mary Ann Betsch acquired Restricted Participation Units. |
| 03/15/2027 | Vesting date for the Restricted Participation Units. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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