Form 4: Lazard Inc. Chief Accounting Officer Reports Stock Transactions
SEC Form 4 Filing
Michael Gathy, Chief Accounting Officer of Lazard Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 3, 2025, Michael Gathy, Chief Accounting Officer of Lazard Inc., acquired 958 shares of common stock upon the vesting of restricted stock units (RSUs).
- The company withheld 346 shares to cover taxes arising from the vesting of these RSUs at a price of $50.15 per share.
- Following these transactions, Gathy directly owns 617 shares of Lazard Inc. common stock.
- The vested RSUs represent a contingent right to receive one share of common stock each.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of earliest transaction: vesting of Restricted Stock Units and tax withholding. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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