Lazard (NYSE: LAZ) director receives 4,010 Deferred Stock Units as board pay

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

1 transaction reported

Mixed 1 txn

Insider Jarrard Michelle

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	4,010	$0.00	--

Holdings After Transaction: Deferred Stock Units — 47,389 shares (Direct, null)

Footnotes (1)

1. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Jarrard Michelle

(Last) (First) (Middle)

C/O LAZARD, INC.

30 ROCKEFELLER PLAZA

(Street)

NEW YORK NEW YORK 10112

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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
Deferred Stock Units(1)	$0(2)	06/01/2026	06/01/2026	A		4,010		(2)	(2)	Common Stock	4,010	$0	47,389	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/ Michelle Jarrard by Shari L. Soloway under a P of A	06/03/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.