Alexandra Soto - Mar 13, 2025 Form 4 Insider Report for Lazard, Inc. (LAZ)

Role: Chief Operating Officer
Signature: /s/ Alexandra Soto by Shari L. Soloway under a P of A
Stock symbol: LAZ
Transactions as of: Mar 13, 2025
Transactions value $: -$2,383,680
Form type: 4
Date filed: 3/17/2025, 06:42 PM
Previous filing: Feb 25, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAZ	Common Stock	Options Exercise		+111K	+78.4%		252K	Mar 13, 2025	Direct	F1
transaction	LAZ	Common Stock	Tax liability	-$2.38M	-52K	-20.65%	$45.84	200K	Mar 13, 2025	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LAZ	Performance-based Restricted Stock Units	Options Exercise		-111K	-100%		0	Mar 13, 2025	Common Stock	111K		Direct	F1, F4, F5
transaction	LAZ	Restricted Stock Units	Award		+99.7K	+64.49%		254K	Mar 14, 2025	Common Stock	99.7K		Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares of Common Stock were acquired upon the vesting of the Performance-based Restricted Stock Units ("PRSUs") referenced in Footnote (5).
F2	Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of PRSUs referenced in Footnote (5).
F3	Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of the PRSUs referenced in Footnote (5).
F4	Represents a prior grant of PRSUs awarded with respect to compensation for 2021 of which performance conditions have been satisfied. The grant at target was reflected in the Company's proxy statement for the relevant year.
F5	Each PRSU (the performance and other conditions of which have been satisfied) represents a contingent right to receive one share of Common Stock.
F6	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock.
F7	These RSUs will vest on or around March 1, 2028.