Form 4: Lazard Inc. COO Alexandra Soto Reports Acquisition of Restricted Stock Units

Alexandra Soto, Chief Operating Officer of Lazard, Inc., reports the acquisition of additional Restricted Stock Units (RSUs) through dividend equivalent reinvestment.

Summary

• On August 16, 2024, Alexandra Soto, the Chief Operating Officer of Lazard, Inc., acquired 1,564 Restricted Stock Units (RSUs).
• These RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
• 630 of these RSUs will vest on or around March 2, 2026, and 934 will vest on or around March 1, 2027.
• Following this transaction, Ms. Soto directly owns 151,605 derivative securities, excluding 141,128 shares of Common Stock directly or indirectly beneficially owned.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs through dividend reinvestment suggests confidence in the company's performance. It's a routine transaction, but it reflects a positive outlook from the executive.

Positives

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

Future Outlook

The report details future vesting dates for the acquired RSUs, indicating a continued alignment of Ms. Soto's interests with the company's long-term performance.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's securities. Dividend reinvestment is a common practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's performance.

Key Dates