Lazard (LAZ) asset management CEO awarded 2,716 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lazard, Inc. executive Christopher Hogbin, CEO of Asset Management, acquired 2,716 Restricted Stock Units (RSUs) at no cost through dividend equivalent reinvestment tied to existing RSU awards. Each RSU represents one share of common stock. After this grant, he holds 263,705 RSUs, excluding 11,829 common shares separately beneficially owned. Portions of the new RSUs are scheduled to vest in three tranches through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hogbin Christopher
Role
CEO Asset Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,716 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 263,705 shares (Direct, null)
Footnotes (1)
- Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards. Each RSU represents a contingent right to receive one share of Common Stock. Of these RSUs, 906 will vest on or around March 18, 2027; 906 will vest on or around March 20, 2028; and 904 will vest on or around March 22, 2029. Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned by the reporting person.
Key Figures
RSUs granted: 2,716 RSUs
RSU holdings after transaction: 263,705 RSUs
Separate common shares owned: 11,829 shares
+3 more
6 metrics
RSUs granted
2,716 RSUs
Acquired via dividend equivalent reinvestment on May 22, 2026
RSU holdings after transaction
263,705 RSUs
Total Restricted Stock Units following the reported acquisition
Separate common shares owned
11,829 shares
Common stock directly or indirectly beneficially owned, excluded from RSU total
2027 vesting tranche
906 RSUs
Scheduled to vest on or around March 18, 2027
2028 vesting tranche
906 RSUs
Scheduled to vest on or around March 20, 2028
2029 vesting tranche
904 RSUs
Scheduled to vest on or around March 22, 2029
Key Terms
Restricted Stock Units, dividend equivalent reinvestment, contingent right, beneficially owned
4 terms
Restricted Stock Units financial
"Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent reinvestment financial
"RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards"
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock"
beneficially owned financial
"Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did Christopher Hogbin report for Lazard (LAZ)?
Christopher Hogbin reported receiving 2,716 Restricted Stock Units (RSUs) tied to Lazard common stock. The RSUs were credited at no cost through dividend equivalent reinvestment under existing RSU awards, increasing his total RSU holdings to 263,705 units after the transaction.
How many Lazard RSUs did Christopher Hogbin hold after this Form 4 transaction?
After the transaction, Christopher Hogbin held 263,705 Restricted Stock Units linked to Lazard common stock. This figure reflects the addition of 2,716 newly credited RSUs and does not include 11,829 Lazard common shares he also directly or indirectly beneficially owns outside the RSU awards.
What is the vesting schedule for Christopher Hogbin’s new Lazard RSUs?
The filing states that of the reported RSUs, 906 will vest on or around March 18, 2027, another 906 on or around March 20, 2028, and 904 on or around March 22, 2029. Vesting is subject to the underlying award terms.
How were the 2,716 new Lazard RSUs for Christopher Hogbin generated?
The 2,716 RSUs were acquired under the dividend equivalent reinvestment provisions of existing RSU awards. Instead of receiving cash dividends, equivalent value was credited as additional RSUs, each representing a contingent right to receive one share of Lazard common stock in the future.