Form 4: Lazard Inc. Director Acquires Deferred Stock Units

Director Andrew M. Alper acquired 4,375 Deferred Stock Units (DSUs) of Lazard, Inc. on June 3, 2024, convertible to common stock upon resignation from the board.

Summary

• On June 3, 2024, Andrew M. Alper, a director of Lazard, Inc., acquired 4,375 Deferred Stock Units (DSUs).
• These DSUs were received under Lazard, Inc.'s 2018 Incentive Compensation Plan as an election in lieu of a portion of cash compensation.
• The DSUs will convert to common stock on a one-for-one basis when Alper resigns or ceases to be a member of the Board of Directors.
• Following the transaction, Alper directly owns 89,842 shares of Lazard, Inc.
• The transaction was reported on June 5, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred stock units, aligning their interests with shareholders.

Positives

• The acquisition of DSUs demonstrates the director's continued investment and alignment with the company's long-term performance.

Future Outlook

The DSUs will be converted into common stock upon the director's resignation or departure from the Board of Directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

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

Key Dates