Form 4: Lazard Inc. Director Mendillo Acquires Deferred Stock Units

Director Jane L. Mendillo acquired 4,307 deferred stock units in Lazard, Inc. as part of non-executive director compensation.

Summary

• On June 3, 2024, Jane L. Mendillo, a director of Lazard, Inc., was awarded 4,307 Deferred Stock Units (DSUs) under the company's 2018 Incentive Compensation Plan.
• These DSUs are part of the Non-Executive Director Compensation arrangement.
• The DSUs will convert into Common Stock on a one-for-one basis when Mendillo resigns or ceases to be a member of the Board of Directors.
• Following the transaction, Mendillo beneficially owns 71,852 derivative securities.
• This amount excludes 1,400 shares of Common Stock directly or indirectly beneficially owned by Mendillo.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of 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 award reflects ongoing compensation arrangements for non-executive directors.

Future Outlook

The Deferred Stock Units will be converted into Common Stock upon the director's resignation or departure from the Board, impacting future equity holdings.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates