Form 4: Lazard Inc. Director Daniel H. Schulman Reports Acquisition of Deferred Stock Units

Director Daniel H. Schulman reports the acquisition of 4,444 Deferred Stock Units (DSUs) under Lazard, Inc.'s 2018 Incentive Compensation Plan.

Summary

• On June 3, 2024, Daniel H. Schulman, a director of Lazard, Inc., acquired 4,444 Deferred Stock Units (DSUs).
• These DSUs were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan as part of the Non-Executive Director Compensation arrangement.
• The DSUs will convert into Common Stock on a one-for-one basis when Schulman resigns from or ceases to be a member of the Board of Directors.
• Following the reported transaction, Schulman directly owns 4,444 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with the company's long-term performance.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of the company.
• The DSUs are part of a pre-existing compensation plan, suggesting a structured and transparent approach to director compensation.

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

• Shareholders are informed about the compensation structure for non-executive directors.
• The DSU grant aligns the director's interests with those of the shareholders.

Key Dates