0001209191-24-003974.txt : 20240226
0001209191-24-003974.hdr.sgml : 20240226
20240226202838
ACCESSION NUMBER: 0001209191-24-003974
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240222
FILED AS OF DATE: 20240226
DATE AS OF CHANGE: 20240226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Orszag Peter Richard
CENTRAL INDEX KEY: 0001837678
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32492
FILM NUMBER: 24681464
MAIL ADDRESS:
STREET 1: 30 ROCKEFELLER PLAZA
STREET 2: LAZARD
CITY: NEW YORK
STATE: NY
ZIP: 10112
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lazard, Inc.
CENTRAL INDEX KEY: 0001311370
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 980437848
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 30 ROCKEFELLER PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10112
BUSINESS PHONE: (212) 632-6000
MAIL ADDRESS:
STREET 1: 30 ROCKEFELLER PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10112
FORMER COMPANY:
FORMER CONFORMED NAME: Lazard Ltd
DATE OF NAME CHANGE: 20041213
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2024-02-22
0
0001311370
Lazard, Inc.
LAZ
0001837678
Orszag Peter Richard
C/O LAZARD, INC.
30 ROCKEFELLER PLAZA
NEW YORK
NY
10112
1
1
0
0
Chief Executive Officer
0
Restricted Participation Units
2024-02-22
4
A
0
77781
A
Common Stock
77781
77781
D
Restricted Participation Units
2024-02-22
4
A
0
138340
A
Common Stock
138340
216121
D
Stock Price Performance-based Restricted Participation Units
2024-02-22
4
A
0
1250000
A
Common Stock
1250000
1250000
D
Restricted Stock Units
2024-02-23
4
A
0
1842
A
Common Stock
1842
143813
D
These Restricted Participation Units ("RPUs") will vest on or around March 11, 2024.
Each RPU represents an interest in Lazard Group LLC that has satisfied its minimum value condition and that may be exchanged for one share of Common Stock.
These RPUs will vest on or around March 10, 2026.
Represents a prior grant of Stock Price Performance-based Restricted Participation Units ("Stock Price PRPUs") awarded in 2023 for which the minimum value condition has been satisfied and are scheduled to vest on or around August 23, 2026 (250,000 Stock Price PRPUs), August 23, 2028 (500,000 Stock Price PRPUs) and August 23, 2030 (500,000 Stock-Price PRPUs), in each case, subject to achievement of stock price milestones, which have not yet been achieved. The grant was previously reflected in the Company's annual report for the relevant year.
Each Stock Price PRPU represents an interest in Lazard Group LLC that may be exchanged for one share of Common Stock.
These Stock Price PRPUs will vest upon the achievement of certain stock price milestones as described in the Company's annual report for the relevant year.
Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
Each RSU represents a contingent right to receive one share of Common Stock.
Of these RSUs, 1,060 will vest on or around September 3, 2024 and 782 will vest on or around September 3, 2025.
Amount excludes 73,741 shares of Common Stock directly or indirectly owned by the reporting person.
/s/ Peter R. Orszag by Shari L. Soloway under a P of A
2024-02-26
EX-24
2
poa.txt
POA DOCUMENT
Know all by these presents, that the undersigned hereby constitutes and appoints
Christian A. Weideman and Shari L. Soloway the undersigned's true and lawful
attorney-in-fact to:
1. prepare and execute in the undersigned's name and on the undersigned's
behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a
Form ID, including amendments thereto, and any other documents necessary or
appropriate to obtain codes and passwords enabling the undersigned to make
electronic filings with the SEC of reports required by Section 16(a) of the
Securities Exchange Act of 1934 or any rule or regulation of the SEC;
2. execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or director of Lazard Ltd (the "Company"), Forms 3, 4 and 5 in
accordance with Section 16(a) of the Securities Exchange Act of 1934 and the
rules and regulations thereunder, and any other forms or reports the undersigned
may be required to file in connection with the undersigned's ownership,
acquisition, or disposition of securities of the Company;
3. do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 or 5,
or other form or report, or any amendment or amendments thereto, and timely file
such form with the SEC and any stock exchange or similar authority; and
4. take any other action of any type whatsoever in connection with the foregoing
which, in the opinion of such attorney-in-fact, may be of benefit to, in the
best interest of, or legally required by, the undersigned, it being understood
that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to such attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary,
or proper to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby
ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorney-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16(a) of the Securities Exchange Act of 1934 or any rule or
regulation of the SEC.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorney-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 9th day of October 2023.
Signature: /s/ Peter R. Orszag
Print Name: Peter R. Orszag