Lazard director granted 4,010 deferred stock units
Lazard, Inc. director Michelle Jarrard received a grant of 4,010 Deferred Stock Units as part of the company’s non-executive director compensation program.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Lazard, Inc. director Michelle Jarrard received a grant of 4,010 Deferred Stock Units as part of the company’s non-executive director compensation program. These units carry no cash exercise price and will convert into Common Stock on a one-for-one basis when she leaves the Board. Following this award, she directly holds 47,389 Deferred Stock Units tied to Lazard common shares.
Insider Trade Summary
Grant/Award: 4,010 shares
Grant/Award
1 txn
Insider
Jarrard Michelle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,010 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 47,389 contracts (Direct)
Footnotes (2)
- F1. Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement.
- F2. The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.
Key Figures
Deferred Stock Units granted: 4,010 units
Units after transaction: 47,389 units
Transaction price: $0.0000 per unit
+2 more
5 metrics
Deferred Stock Units granted
4,010 units
Awarded on 2026-06-01 as director compensation
Units after transaction
47,389 units
Total Deferred Stock Units held directly after grant
Transaction price
$0.0000 per unit
Grant price for Deferred Stock Units
Conversion ratio
1 DSU : 1 share
Each unit converts into one share of Common Stock
Transaction code
A
Grant, award, or other acquisition of derivative security
Key Terms
Deferred Stock Units, 2018 Incentive Compensation Plan, Non-Executive Director Compensation, Board of Directors
4 terms
Deferred Stock Units financial
"Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2018 Incentive Compensation Plan financial
"DSUs were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended"
Non-Executive Director Compensation financial
"as part of the Non-Executive Director Compensation arrangement"
Board of Directors financial
"following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lazard (LAZ) director Michelle Jarrard report?
Michelle Jarrard reported receiving 4,010 Deferred Stock Units from Lazard, Inc. This grant was made under the company’s 2018 Incentive Compensation Plan as part of the non-executive director compensation arrangement, rather than through an open-market purchase of shares.
How many Lazard (LAZ) Deferred Stock Units does Michelle Jarrard hold after this grant?
After the grant, Michelle Jarrard holds 47,389 Deferred Stock Units directly. This total includes the newly awarded 4,010 units and represents her deferred equity-based compensation linked to Lazard common stock under the company’s director compensation programs.
When will Michelle Jarrard’s Lazard (LAZ) Deferred Stock Units convert into common stock?
The Deferred Stock Units will convert into Lazard common stock on a one-for-one basis after Michelle Jarrard resigns from, or otherwise ceases to be a member of, the Board of Directors. Until then, they remain as deferred units, not yet delivered shares.
What plan governs the Deferred Stock Units granted to Lazard (LAZ) director Michelle Jarrard?
The Deferred Stock Units were awarded under Lazard, Inc.’s 2018 Incentive Compensation Plan, as amended. This plan provides for equity-based incentives, and the grant was made specifically as part of the non-executive director compensation arrangement for Board members.
Did Michelle Jarrard pay cash for the Lazard (LAZ) Deferred Stock Units she received?
No cash payment was involved in this grant; the transaction price per Deferred Stock Unit was reported as 0.0000. The units represent a form of equity compensation rather than a purchase of Lazard shares on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
