X0306 4 2022-02-23 0 0001311370 Lazard Ltd LAZ 0001450474 Stern Alexander F. C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 President Performance-based Restricted Participation Units 2022-02-23 4 A 0 185026 A Class A Common Stock 185026 273304 D Represents prior grants of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2018 and 2019 for which performance conditions have been satisfied. The grants at target were previously reflected in the Company's proxy statement for the relevant years. 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 Class A Common Stock. Of these PRPUs, 158,768 will vest on or around March 1, 2022, and 26,258 will vest on or around March 1, 2023. Amount excludes 127,577 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person. /s/ Alexander F. Stern by Scott D. Hoffman under a P of A 2022-02-25