Form 4: Lazard Inc. Executive Michael Gathy Reports Acquisition of Restricted Stock Units

Chief Accounting Officer Michael Gathy reports acquisition of additional Restricted Stock Units (RSUs) in Lazard, Inc. through dividend equivalent reinvestment.

Summary

• On February 21, 2025, Michael Gathy, Chief Accounting Officer of Lazard, Inc., acquired 54 Restricted Stock Units (RSUs).
• These RSUs were acquired through the dividend equivalent reinvestment provisions of underlying RSU awards.
• Each RSU represents a contingent right to receive one share of Lazard's common stock.
• 10 of these RSUs will vest on or around March 3, 2025, 22 will vest on or around March 2, 2026, and 22 will vest on or around March 1, 2027.
• Following the reported transaction, Gathy beneficially owns 5,364 RSUs and excludes 5 shares of common stock directly or indirectly beneficially owned.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of RSUs through dividend reinvestment is generally a positive sign, but it's a standard practice and doesn't necessarily indicate a significant shift in the company's outlook.

Positives

• The acquisition of RSUs through dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures related to insider transactions and are a standard part of regulatory compliance for publicly traded companies. This filing indicates changes in beneficial ownership by a company executive, which is common and expected.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the routine acquisition of RSUs by an executive.

Key Dates