Form 4: Lazard Inc. Director Peter Harrison Reports Acquisition of Deferred Stock Units

Director Peter Harrison reported the acquisition of 900 Deferred Stock Units (DSUs) in Lazard, Inc. on March 25, 2025, under the company's 2018 Incentive Compensation Plan.

Summary

• On March 25, 2025, Peter Harrison, a director of Lazard, Inc., acquired 900 Deferred Stock Units (DSUs) under the company's 2018 Incentive Compensation Plan.
• These DSUs were awarded as part of the Non-Executive Director Compensation arrangement.
• The DSUs will convert into Common Stock on a one-for-one basis when Harrison resigns or ceases to be a member of the Board of Directors.
• Following the transaction, Harrison directly owns 900 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to 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 compensation structure incentivizes continued service on the Board of Directors.

Future Outlook

The DSUs will convert to common stock upon the director's departure from the board, representing a future equity stake.

Industry Context

This filing is a routine disclosure of director compensation in the form of deferred stock units, a common practice among publicly traded companies to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Lazard Inc., Peter Harrison, Deferred Stock Units, Director Compensation, Form 4, LAZ, Incentive Compensation Plan