Form 4: Lazard Inc. COO Alexandra Soto Reports Stock Transactions Following Vesting of Restricted Stock Units

Alexandra Soto, Chief Operating Officer of Lazard, Inc., reports acquisition and disposal of common stock following the vesting of performance-based and regular restricted stock units.

Summary

• On March 1, 2024, Alexandra Soto, the Chief Operating Officer of Lazard, Inc., reported transactions involving Lazard's common stock.
• These transactions include the acquisition of 63,169 shares upon the vesting of performance-based restricted stock units (PRSUs) and 12,834 shares upon the vesting of restricted stock units (RSUs).
• Soto also disposed of 35,722 shares to cover taxes arising from the vesting of the PRSUs and RSUs.
• Following these transactions, Soto directly owns 141,128 shares of Lazard common stock and 148,224 restricted stock units.
• The price of common stock on the trading day immediately preceding the vesting date was $38.54.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of shares.
• Employees holding similar stock units may be interested in the details of the vesting and tax implications.

Key Dates