Form 4: Lazard Director Mendillo Receives Deferred Stock Units

Jane L. Mendillo, a director at Lazard, Inc., acquired 642 Deferred Stock Units (DSUs) on February 18, 2025, convertible to common stock upon resignation from the board.

Summary

• On February 18, 2025, Jane L. Mendillo, a director of Lazard, Inc., acquired 642 Deferred Stock Units (DSUs).
• These DSUs were received under Lazard's 2018 Incentive Compensation Plan, as amended, in lieu of a portion of her cash compensation.
• The DSUs will convert to common stock on a one-for-one basis when Mendillo leaves the Board of Directors.
• Following the transaction, Mendillo beneficially owns 73,896 shares, excluding 1,400 shares already owned.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and insider alignment with company performance. There are no indications of negative events or concerns.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of Lazard, Inc.

Future Outlook

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Key Dates