[144] Lazard, Inc. SEC Filing
Rhea-AI Filing Summary
Lazard, Inc. (LAZ) filed a Form 144 reporting a proposed sale of 25,000 common shares held by a person who acquired the shares on 03/13/2025 through restricted stock vesting as compensation. The proposed sale lists Fidelity Brokerage Services LLC as the broker, an approximate aggregate market value of $1,392,661.22, and the issuer's outstanding shares shown as 112,766,091. The filing indicates an approximate sale date of 09/10/2025 and states there were no securities sold by the filer in the past three months. The filer certifies no undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer/insider plans to sell vested restricted shares; transaction size is modest relative to outstanding shares.
The filing documents a routine insider liquidity event: 25,000 shares acquired via restricted stock vesting and designated for sale through a registered broker. At an aggregate market value of $1.39 million, the position represents roughly 0.022% of the reported outstanding shares (25,000/112,766,091). There are no other sales in the past three months reported here, and the filer affirms no undisclosed material information. This appears operationally standard and not immediately material to valuation.
TL;DR: Disclosure aligns with Rule 144 requirements; timing and certification are standard compliance steps.
The Form 144 provides the required disclosure for an insider sale stemming from compensation-related vesting. It names the broker, the acquisition method