0001209191-24-004816.txt : 20240313
0001209191-24-004816.hdr.sgml : 20240313
20240313172712
ACCESSION NUMBER: 0001209191-24-004816
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240311
FILED AS OF DATE: 20240313
DATE AS OF CHANGE: 20240313
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Russo Evan L
CENTRAL INDEX KEY: 0001717489
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32492
FILM NUMBER: 24747097
MAIL ADDRESS:
STREET 1: C/O LAZARD LTD, 30 ROCKEFELLER PLAZA
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
2024-03-11
0
0001311370
Lazard, Inc.
LAZ
0001717489
Russo Evan L
C/O LAZARD, INC.
30 ROCKEFELLER PLAZA
NEW YORK
NY
10112
0
1
0
0
CEO of Asset Management
0
Common Stock
2024-03-11
4
M
0
168539
A
377448
D
Common Stock
2024-03-11
4
D
0
75000
39.20
D
302448
D
Common Stock
2024-03-13
4
S
0
75000
39.35
D
227448
D
Performance-based Restricted Participation Units
2024-03-11
4
M
0
168539
D
Common Stock
168539
0
D
Shares of Common Stock were acquired upon the exchange of a prior grant of Performance-based Restricted Participation Units ("PRPUs") into shares of Common Stock.
Amount excludes 84,336 shares of Common Stock indirectly beneficially owned by the reporting person by trust and 198,946 restricted participation units directly or indirectly beneficially owned by the reporting person.
Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of the PRPUs referenced in Footnote (1).
Represents the average of the high and low price of Common Stock on the New York Stock Exchange on the date of the exchange of the PRPUs referenced in Footnote (1).
The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on March 13, 2024 in trades with average execution prices ranging from $39.25 to $39.50, inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price range set forth in this report.
Represents a prior grant of PRPUs awarded with respect to compensation for 2020 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 Common Stock.
/s/ Evan L. Russo by Shari L. Soloway under a P of A
2024-03-13