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