X0306 4 2020-04-06 0 0001399249 Pzena Investment Management, Inc. PZN 0001411021 Meyerowich Richard P. C/O PZENA INVESTMENT MANAGEMENT, INC. 320 PARK AVENUE, 8TH FLOOR NEW YORK NY 10022 1 0 0 0 Phantom Class A common stock 2020-04-06 4 D 0 12180 D Class A common stock, par value $0.01 12180 145607 D Disposition of Phantom Class A common stock associated with the Reporting Person's waiver of his 2020 non-employee director annual retainer. Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent on one share of the Issuer's Class A common stock ("Common Stock"). The shares of Phantom Stock become payable in a single distribution of shares of Common Stock, at such time as elected by the Reporting Person at the time such deferral was made pursuant to Section 3.4 of the Pzena Investment Management, Inc. Non-Employee Director Deferred Compensation Plan (previously filed as Exhibit 10.1 to the Issuer's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2009). Includes an aggregate of 9,582 shares of Phantom Stock issued in-kind as dividend payment in 2020. Joan F. Berger, as attorney-in-fact for Richard P. Meyerowich 2020-04-07