0001628280-26-059145.txt : 20260826 0001628280-26-059145.hdr.sgml : 20260826 20260826205101 ACCESSION NUMBER: 0001628280-26-059145 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20260824 FILED AS OF DATE: 20260826 DATE AS OF CHANGE: 20260826 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: 261324705 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 EIN: 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 wk-form4_1787791858.xml FORM 4 X0609 4 2026-08-24 0 0001311370 Lazard, Inc. LAZ 0001837678 Orszag Peter Richard false C/O LAZARD, INC. 30 ROCKEFELLER PLAZA NEW YORK NY 10112 1 1 0 0 CEO & Chairman 1 Common Stock 2026-08-24 4 M 0 250000 A 460942 D Common Stock 2026-08-24 4 D 0 75000 D 385942 D Common Stock 2026-08-25 4 S 0 125000 43.5203 D 260942 D Stock Price Profits Interest Participation Rights 2026-08-24 4 M 0 250000 D Common Stock 250000 1000000 D Shares of Common Stock were acquired upon the exchange of the Stock Price Profits Interest Participation Rights ("SP-PIPRs", previously referred to as Stock Price Performance-based Restricted Participation Units) referenced in Footnote (6). Represents shares of Common Stock sold to the Company to cover estimated taxes arising from the exchange of SP-PIPRs referenced in Footnote (6). 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 SP-PIPRs referenced in Footnote (6). This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2025. Sales of shares pursuant to the plan are intended to cover estimated taxes and other personal expenditures. The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on August 25, 2026 in trades with average execution prices ranging from $43.14 to $43.93 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 ranges set forth in this report. Represents a prior grant of SP-PIPRs awarded in 2023 for which service and other conditions have been satisfied. The grant was previously reflected in the Company's annual report for the relevant year. Each SP-PIPR (the service 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. Each SP-PIPR represents an interest in Lazard Group LLC that has satisfied its service and other conditions and may be exchanged for one share of Common Stock. Of these SP-PIPRs, 500,000 are scheduled to vest on or around August 23, 2028, subject to continued service through that date, and 500,000 are scheduled to vest on or around August 23, 2030, subject to the achievement of a stock price milestone and continued service through that date. These SP-PIPRs were previously reported on the Reporting Person's Form 4 filed on February 26, 2024 as Stock Price Performance-based Restricted Participation Units, which reflected the prior grant of such awards in 2023. /s/ Peter R. Orszag by Shari L. Soloway under a P of A 2026-08-26