Form 4: Lazard Inc. Director Andrew M. Alper Reports Acquisition of Deferred Stock Units

Director Andrew M. Alper reports acquisition of Deferred Stock Units (DSUs) in Lazard, Inc. under the 2018 Incentive Compensation Plan.

Summary

• Andrew M. Alper, a director of Lazard, Inc., reported the acquisition of 914 Deferred Stock Units (DSUs) on May 15, 2024.
• 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 ceases to be a member of the Board of Directors.
• Following the reported transaction, Alper beneficially owns 85,467 shares of Lazard, Inc. common stock.

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, indicating confidence in the company's future performance.

Positives

• The acquisition of DSUs reflects Alper's continued investment and alignment with Lazard, Inc.'s long-term performance.
• The election to receive DSUs in lieu of cash compensation demonstrates a commitment to the company's equity.

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 acquisition of DSUs by a director can positively influence shareholder confidence.

Key Dates