Lazard (LAZ) CAO Michael Gathy receives 92 new RSUs in grant

Rhea-AI Filing Summary

Lazard, Inc. Chief Accounting Officer Michael Gathy reported an acquisition of 92 Restricted Stock Units on February 20, 2026 as a grant or award. Each RSU represents a contingent right to receive one share of common stock. Following this transaction, he directly holds 9,445 RSUs. Of these RSUs, 23 will vest on or around March 2, 2026, 38 on or around March 1, 2027, and 31 on or around March 1, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gathy Michael

(Last) (First) (Middle)

C/O LAZARD, INC.

30 ROCKEFELLER PLAZA

(Street)

NEW YORK NY 10112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lazard, Inc. [ LAZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit(1)	(2)	02/20/2026	02/20/2026	A		92		(3)	(3)	Common Stock	92	$0(2)	9,445	D

Explanation of Responses:

1. Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

2. Each RSU represents a contingent right to receive one share of Common Stock.

3. Of these RSUs, 23 will vest on or around March 2, 2026, 38 will vest on or around March 1, 2027 and 31 will vest on or around March 1, 2028.

Remarks:

	/s/ Michael Gathy by Shari L. Soloway under a P of A	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Lazard (LAZ) report for Michael Gathy?

Lazard reported that Chief Accounting Officer Michael Gathy acquired 92 Restricted Stock Units on February 20, 2026. The acquisition was recorded as a grant or award, increasing his directly held RSUs to a total of 9,445 units after the transaction.

What does each RSU represent in the Lazard (LAZ) Form 4 filing?

Each Lazard RSU reported for Michael Gathy represents a contingent right to receive one share of Lazard common stock. This means the units convert into common shares only upon vesting, according to the specific vesting schedule described in the filing’s footnotes.

How many Lazard (LAZ) RSUs does Michael Gathy hold after this transaction?

After the reported acquisition, Michael Gathy directly holds 9,445 Restricted Stock Units in Lazard. This total reflects the 92 RSUs granted on February 20, 2026, as well as previously held RSUs, all subject to their applicable vesting schedules over future dates.

What is the vesting schedule for Michael Gathy’s Lazard (LAZ) RSUs?

The filing states that 23 RSUs vest on or around March 2, 2026, 38 RSUs vest on or around March 1, 2027, and 31 RSUs vest on or around March 1, 2028. These dates govern when specific RSU portions can settle into common stock.

How were some of the Lazard (LAZ) RSUs acquired by Michael Gathy?

The footnotes explain that additional RSUs were acquired through dividend equivalent reinvestment on underlying RSU awards. This means dividends that would have been paid on shares instead generated new RSUs, increasing his overall restricted stock unit holdings over time.