Lazard (NYSE: LAZ) executive now holds 266,659 RSUs
Rhea-AI Filing Summary
Lazard, Inc. (LAZ) reported that Christopher Hogbin, CEO of Asset Management, acquired 2,954 Restricted Stock Units (RSUs) linked to Lazard common stock. The RSUs arose from dividend equivalent reinvestment on existing RSU awards. Of these RSUs, 985 will vest on or around March 18, 2027, 985 on or around March 20, 2028, and 984 on or around March 22, 2029. Following this grant, Hogbin directly held 266,659 RSUs, which are separate from 11,829 shares of common stock that he also beneficially owns directly or indirectly.
Positive
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Negative
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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 F1, F2, F3, F4 | 2,954 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 266,659 shares (Direct)
Footnotes (4)
- F1. Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
- F2. Each RSU represents a contingent right to receive one share of Common Stock.
- F3. Of these RSUs, 985 will vest on or around March 18, 2027; 985 will vest on or around March 20, 2028; and 984 will vest on or around March 22, 2029.
- F4. Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned by the reporting person.
Key Figures
RSUs acquired: 2,954 RSUs
RSUs after transaction: 266,659 RSUs
Common shares beneficially owned: 11,829 shares
+3 more
6 metrics
RSUs acquired
2,954 RSUs
Restricted Stock Units acquired on 2026-08-14 via dividend equivalent reinvestment
RSUs after transaction
266,659 RSUs
Total Restricted Stock Units directly held following the reported acquisition
Common shares beneficially owned
11,829 shares
Shares of common stock directly or indirectly beneficially owned, excluded from RSU total
2027 vesting tranche
985 RSUs
Portion of RSUs scheduled to vest on or around March 18, 2027
2028 vesting tranche
985 RSUs
Portion of RSUs scheduled to vest on or around March 20, 2028
2029 vesting tranche
984 RSUs
Portion of RSUs scheduled to vest on or around March 22, 2029
Key Terms
Restricted Stock Units, dividend equivalent reinvestment, beneficially owned
3 terms
Restricted Stock Units financial
"Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent"
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
"were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards"
beneficially owned financial
"Amount excludes 11,829 shares of Common Stock directly or indirectly beneficially owned"
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 did Lazard, Inc. (LAZ) disclose about Christopher Hogbin’s latest equity award?
Lazard disclosed that Christopher Hogbin received 2,954 Restricted Stock Units (RSUs) tied to Lazard common stock. These RSUs were acquired through dividend equivalent reinvestment under existing RSU awards and will vest in three annual tranches from 2027 through 2029.
How are Christopher Hogbin’s new RSUs at LAZ scheduled to vest?
The 2,954 RSUs granted to Christopher Hogbin vest in three parts: 985 RSUs on or around March 18, 2027, 985 RSUs on or around March 20, 2028, and 984 RSUs on or around March 22, 2029, subject to the award terms.
How many RSUs does Christopher Hogbin hold at Lazard (LAZ) after this Form 4 transaction?
After this acquisition, Christopher Hogbin held 266,659 RSUs directly. These RSUs each represent a contingent right to receive one share of Lazard common stock, in accordance with their respective vesting schedules and other conditions.
What is the nature of the RSUs reported for Christopher Hogbin at LAZ?
Each RSU represents a contingent right to receive one share of Lazard common stock. The newly reported 2,954 RSUs were acquired pursuant to the dividend equivalent reinvestment provisions attached to underlying RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.