Form 4: Lazard Inc. Director Richard D. Parsons Reports Acquisition of Deferred Stock Units

Director Richard D. Parsons reports acquisition of Deferred Stock Units (DSUs) in Lazard, Inc. in lieu of cash compensation.

Summary

• Richard D. Parsons, a director of Lazard, Inc., reported the acquisition of 912 Deferred Stock Units (DSUs) on August 15, 2024.
• These DSUs were received in lieu of a portion of his cash compensation under Lazard's 2018 Incentive Compensation Plan.
• The DSUs will convert to common stock on a one-for-one basis when Parsons ceases to be a member of the Board of Directors.
• Following this transaction, Parsons directly owns 107,952 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

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

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies like Lazard.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders, as the value of the DSUs is tied to the performance of Lazard's common stock.

Key Dates