Form 4: Lazard Inc. Director Richard D. Parsons Acquires Deferred Stock Units

Director Richard D. Parsons acquired 5,127 Deferred Stock Units (DSUs) of Lazard, Inc. on June 3, 2024, under the company's 2018 Incentive Compensation Plan.

Summary

• On June 3, 2024, Richard D. Parsons, a director of Lazard, Inc., acquired 5,127 Deferred Stock Units (DSUs).
• The DSUs were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.
• These DSUs will convert into Common Stock on a one-for-one basis when Parsons resigns from or ceases to be a member of Lazard, Inc.'s Board of Directors.
• Following the transaction, Parsons directly owns 107,040 securities.
• The price of the derivative security is $0.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of DSUs reflects continued alignment of the director's interests with the long-term performance of Lazard, Inc.

Future Outlook

The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Key Dates