Form 4: Lazard Inc. Director Acquires Deferred Stock Units

Director Andrew M. Alper acquired 778 Deferred Stock Units (DSUs) of Lazard, Inc. on August 15, 2024, convertible to common stock upon resignation from the Board.

Summary

• On August 15, 2024, Andrew M. Alper, a director of Lazard, Inc., acquired 778 Deferred Stock Units (DSUs).
• The DSUs were received as an annual election under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, in lieu of cash compensation.
• These DSUs will convert into Common Stock on a one-for-one basis when Alper resigns or ceases to be a member of Lazard, Inc.'s Board of Directors.
• Following the transaction, Alper directly owns 90,620 shares of Lazard, Inc. common stock.
• The price of the derivative security is $0.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's participation in the company's compensation plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with company performance.

Key Dates