Form 4: Lazard Director Iris Knobloch Reports Acquisition of Deferred Stock Units

Lazard, Inc. Director Iris Knobloch has reported the acquisition of 3,992 Deferred Stock Units as part of her non-executive director compensation.

Summary

• Iris Knobloch, a Director of Lazard, Inc. (LAZ), acquired 3,992 Deferred Stock Units (DSUs) on June 2, 2025.
• These DSUs were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, specifically as part of the Non-Executive Director Compensation arrangement.
• The DSUs will convert into Lazard Common Stock on a one-for-one basis following the date Ms. Knobloch resigns from, or otherwise ceases to be a member of, the Board of Directors.
• Following this transaction, Ms. Knobloch beneficially owns a total of 38,150 Deferred Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Stock Units by a director is a routine compensation event that aligns the director's interests with shareholders, indicating stability in governance and a standard compensation practice.

Positives

• The acquisition of Deferred Stock Units by a director aligns their interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This transaction represents a routine compensation event for non-executive directors, indicating adherence to established corporate governance practices.

Future Outlook

The Deferred Stock Units acquired by Director Iris Knobloch are scheduled to convert into Lazard Common Stock on a one-for-one basis upon her resignation or cessation of service from the Board of Directors.

Industry Context

The awarding of Deferred Stock Units to non-executive directors is a common practice in the financial services industry, serving as a form of long-term incentive compensation that aligns director interests with shareholder value.

Corporate Governance

Related Party Transactions

• The award of Deferred Stock Units to a director is a form of related party transaction, specifically compensation, which is disclosed as per SEC regulations.

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial interests with the company's long-term performance, potentially benefiting shareholders.
• Director (Iris Knobloch): Receives equity-based compensation as part of her service on the board.

Next Steps

• Conversion of Deferred Stock Units into Common Stock upon the reporting person's resignation or cessation from the Board of Directors.

Key Dates

Keywords

Lazard, LAZ, SEC Form 4, Insider Transaction, Deferred Stock Units, Director Compensation, Equity Award, Beneficial Ownership