X0306 4 2022-03-01 0 0001311370 Lazard Ltd LAZ 0001287727 BHUTANI ASHISH C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 1 1 0 0 CEO of Lazard Asset Management Class A Common Stock 2022-03-01 4 M 0 217937 A 930367 D Class A Common Stock 2022-03-01 4 D 0 95456 34.58 D 834911 D Performance-based Restricted Participation Units 2022-03-01 4 M 0 217937 D Class A Common Stock 217937 49342 D Shares of Class A Common Stock were acquired upon the exchange of a prior grant of Performance-based Restricted Participation Units ("PRPUs") into shares of Class A Common Stock. Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (1). Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the exchange date of the PRPUs referenced in Footnote (1). Represents a prior grant of PRPUs awarded with respect to compensation for 2018 for which performance and other conditions have been satisfied. The grant at target was previously reflected in the Company's proxy statement for the relevant year. Each PRPU (the performance and other conditions of which have been satisfied) represents an interest in Lazard Group LLC that may be exchanged for one share of Class A Common Stock. /s/ Ashish Bhutani by Scott D. Hoffman under a P of A 2022-03-03