Form 4: Lazard Inc. Chief Accounting Officer Acquires Additional Restricted Stock Units Through Dividend Reinvestment

Michael Gathy, Chief Accounting Officer of Lazard Inc., acquired 56 additional Restricted Stock Units (RSUs) through dividend equivalent reinvestment on August 16, 2024.

Summary

• On August 16, 2024, Michael Gathy, the Chief Accounting Officer of Lazard Inc., acquired 56 Restricted Stock Units (RSUs).
• The acquisition was made through the dividend equivalent reinvestment provisions of underlying RSU awards.
• Each RSU represents a contingent right to receive one share of Lazard Inc. Common Stock.
• Of the acquired RSUs, 11 will vest on or around March 3, 2025, 22 will vest on or around March 2, 2026, and 23 will vest on or around March 1, 2027.
• Following the transaction, Gathy directly owns 5,261 RSUs and excludes 5 shares of Common Stock directly or indirectly beneficially owned by the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The dividend reinvestment could be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of RSUs through dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The vesting schedule of the acquired RSUs extends to March 1, 2027, suggesting a long-term incentive for the Chief Accounting Officer.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders and are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of RSUs by a company officer.

Key Dates