STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Share Repurchase Authorized by Board of Directors

The Board of Directors of Lazard authorized the repurchase of Lazard, Inc. common stock (“common stock”) as set forth in the table below as of March 31, 2025:


Date	Repurchase Authorization		Expiration
July 2024	$	200,000	December 31, 2026

Schedule of Shares Repurchased Under the Share Repurchase Program

Purchases with respect to such program are set forth in the table below:


Three Months Ended March 31:	Number of Shares Purchased	Average Price Per Share
2024	564,692	$	38.97
2025	773,955	$	46.73

Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax

The tables below reflect the balances of each component of AOCI at March 31, 2025 and 2024 and activity during the three month periods then ended:


	Three Months Ended March 31, 2025
	Currency Translation Adjustments		Employee Benefit Plans		Total AOCI		Amount Attributable to Noncontrolling Interests		Total Lazard AOCI
Balance - January 1, 2025	$	(160,914)	$	(165,888)	$	(326,802)	$	(60)	$	(326,742)
Activity:
Other comprehensive income (loss) before reclassifications	24,213		(5,789)		18,424		24		18,400
Adjustments for items reclassified to earnings, net of tax	–		1,576		1,576		–		1,576
Net other comprehensive income (loss)	24,213		(4,213)		20,000		24		19,976
Balance, March 31, 2025	$	(136,701)	$	(170,101)	$	(306,802)	$	(36)	$	(306,766)


	Three Months Ended March 31, 2024
	Currency Translation Adjustments		Employee Benefit Plans		Total AOCI		Amount Attributable to Noncontrolling Interests		Total Lazard AOCI
Balance - January 1, 2024	$	(123,991)	$	(165,958)	$	(289,949)	$	1	$	(289,950)
Activity:
Other comprehensive income (loss) before reclassifications	(16,262)		815		(15,447)		–		(15,447)
Adjustments for items reclassified to earnings, net of tax	–		1,402		1,402		–		1,402
Net other comprehensive income (loss)	(16,262)		2,217		(14,045)		–		(14,045)
Balance, March 31, 2024	$	(140,253)	$	(163,741)	$	(303,994)	$	1	$	(303,995)

Schedule of Adjustments for Items Reclassified From AOCI

The table below reflects adjustments for items reclassified out of AOCI, by component, for the three month periods ended March 31, 2025 and 2024:


	Three Months Ended March 31,
	2025		2024
Employee benefit plans:
Amortization relating to employee benefit plans (a)	$	2,106	$	1,857
Less - related income taxes	530		455
Total reclassifications, net of tax	$	1,576	$	1,402

__________________________

(a)Included in the computation of net periodic benefit cost (see Note 14). Such amounts are included in “operating expenses–other” on the condensed consolidated statements of operations.