LAZ.NYSELazard, INC

Form 4: Lazard Inc. Chief Accounting Officer Acquires Restricted Stock Units

Sentiment:

SEC Form 4 Filing

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Michael Gathy, Chief Accounting Officer of Lazard Inc., reports the acquisition of 4,666 restricted stock units (RSUs) on March 14, 2025.

Summary

  • Michael Gathy, the Chief Accounting Officer of Lazard Inc., filed a Form 4 on March 17, 2025, reporting a transaction.
  • On March 14, 2025, Gathy acquired 4,666 Restricted Stock Units (RSUs).
  • These RSUs represent a contingent right to receive one share of Lazard Inc. Common Stock each.
  • 1,556 of these RSUs will vest on or around March 1, 2027, and 3,110 will vest on or around March 1, 2028.
  • Following the reported transaction, Gathy beneficially owns 9,072 derivative securities (RSUs) and excludes 617 shares of Common Stock directly or indirectly beneficially owned.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock unit grants, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates compensation in the form of stock units.

Stakeholder Impact

  • The granting of RSUs aligns management's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates

DateDescription
03/14/2025Date of transaction: Michael Gathy acquired 4,666 Restricted Stock Units.
03/17/2025Date of Form 4 filing.
03/01/2027Vesting date for 1,556 Restricted Stock Units.
03/01/2028Vesting date for 3,110 Restricted Stock Units.

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