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

Director Richard D. Parsons reports acquisition of 1,128 Deferred Stock Units (DSUs) of Lazard Inc. on May 15, 2024, through an annual election under the company's 2018 Incentive Compensation Plan.

Summary

• Richard D. Parsons, a director of Lazard Inc., reported the acquisition of 1,128 Deferred Stock Units (DSUs) on May 15, 2024.
• The acquisition was made under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended.
• Parsons elected to receive these DSUs in lieu of a portion of his cash compensation as a non-executive director.
• The DSUs will convert to common stock on a one-for-one basis when Parsons ceases to be a member of Lazard's Board of Directors.
• Following the transaction, Parsons beneficially owns 101,913 shares of Lazard Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of DSUs by a director indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of DSUs demonstrates Parsons' continued investment and alignment with Lazard Inc.'s long-term performance.
• The election to receive DSUs in lieu of cash compensation can be seen as a positive signal regarding Parsons' confidence in the company's future prospects.

Future Outlook

The DSUs will be converted into common stock when the reporting person resigns or ceases to be a member of the Board of Directors of Lazard, Inc.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates