Lazard (NYSE: LAZ) CFO adds 295 RSUs via dividend equivalent awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lazard, Inc. Chief Financial Officer Tracy Farr reported an acquisition of 295 Restricted Stock Units (RSUs) on February 20, 2026, at a price of $0.00 per unit, pursuant to dividend equivalent reinvestment provisions on existing RSU awards.
Each RSU represents a contingent right to receive one share of Lazard common stock. After this transaction, Farr directly holds 30,497 RSUs. Of these RSUs, 58 are scheduled to vest on or around March 2, 2026, 155 on or around March 1, 2027, and 82 on or around March 1, 2028, subject to the underlying award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farr Tracy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 295 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 30,497 shares (Direct)
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, 58 will vest on or around March 2, 2026, 155 will vest on or around March 1, 2027, and 82 will vest on or around March 1, 2028.
FAQ
What insider transaction did Lazard (LAZ) CFO Tracy Farr report on this Form 4?
Tracy Farr reported acquiring 295 Restricted Stock Units in Lazard. The RSUs were credited on February 20, 2026 through dividend equivalent reinvestment provisions tied to existing RSU awards, increasing her directly held RSU balance to 30,497 units.
How many Lazard (LAZ) restricted stock units did Tracy Farr acquire and at what price?
Tracy Farr acquired 295 Lazard Restricted Stock Units at a stated price of $0.00 per unit. These RSUs were issued as additional units under dividend equivalent reinvestment provisions rather than through an open-market purchase or cash transaction.
What is the vesting schedule for Tracy Farr’s Lazard (LAZ) RSUs disclosed in this filing?
The filing states that 58 RSUs will vest on or around March 2, 2026, 155 RSUs will vest on or around March 1, 2027, and 82 RSUs will vest on or around March 1, 2028, subject to the underlying award terms and conditions.
After this Form 4 transaction, how many RSUs does Lazard (LAZ) CFO Tracy Farr hold?
Following the reported acquisition, Tracy Farr directly holds a total of 30,497 Restricted Stock Units in Lazard. This figure reflects the addition of 295 RSUs credited on February 20, 2026 via dividend equivalent reinvestment on existing RSU awards.
What does each Lazard (LAZ) restricted stock unit represent for Tracy Farr?
Each Lazard Restricted Stock Unit represents a contingent right to receive one share of the company’s common stock. Delivery of the underlying shares is typically subject to vesting over time according to the award schedule and satisfaction of any applicable conditions.
Were Tracy Farr’s Lazard (LAZ) RSUs acquired through open-market purchases?
No, the RSUs were not open-market purchases. The filing explains that additional Lazard RSUs were acquired through dividend equivalent reinvestment provisions associated with existing RSU awards, resulting in 295 new units being credited at a price of $0.00 per unit.