Lazard CAO RSUs Vest; Shares Withheld for Taxes

Lazard, Inc. Chief Accounting Officer Michael Gathy reported routine equity award activity.

Rhea-AI Filing Summary

Lazard, Inc. Chief Accounting Officer Michael Gathy reported routine equity award activity. On March 2, 2026, 2,251 Restricted Stock Units vested and converted into 2,251 shares of common stock, each RSU representing one share. The company then withheld 813 common shares, valued at $50.60 per share using the New York Stock Exchange closing price from the prior trading day, to cover taxes arising from the vesting, leaving Gathy with 1,438 common shares directly owned afterward.

Insider Trade Summary

2,251 shares exercised/converted

Exercise 3 txns

Insider Gathy Michael

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,251	$0.00	$0.00
Exercise	Common Stock	2,251	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	813	$50.60	$41K

Holdings After Transaction: Restricted Stock Units — 7,194 contracts (Direct); Common Stock — 1,438 shares (Direct)

Footnotes (5)

1. F1. Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.
2. F2. Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).
3. F3. Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of RSUs referenced in Footnote (1).
4. F4. Each RSU represents a contingent right to receive one share of Common Stock.
5. F5. RSUs vested on March 2, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Lazard reported that Chief Accounting Officer Michael Gathy had 2,251 Restricted Stock Units vest and convert into 2,251 shares of common stock. The company then withheld 813 of those shares to satisfy tax liabilities related to the vesting event.

How many Lazard (LAZ) shares did Michael Gathy acquire and dispose of?

Michael Gathy acquired 2,251 shares of Lazard common stock through the vesting and conversion of Restricted Stock Units. Of these, 813 shares were disposed of by being withheld by Lazard to cover associated tax obligations from the RSU vesting.

At what price were Lazard (LAZ) shares valued for the tax withholding?

The 813 Lazard shares withheld for taxes were valued at $50.60 per share. This price reflects the New York Stock Exchange closing price of Lazard common stock on the trading day immediately preceding the RSU vesting date.

When did Michael Gathy’s Lazard (LAZ) Restricted Stock Units vest?

Michael Gathy’s Restricted Stock Units with Lazard vested on March 2, 2026. Upon vesting, each RSU represented a contingent right that converted into one share of Lazard common stock, leading to 2,251 shares being issued in total to him.

How many Lazard (LAZ) common shares does Michael Gathy hold after this Form 4?

Following these transactions, Michael Gathy directly holds 1,438 shares of Lazard common stock. This total comes after 2,251 shares were issued upon RSU vesting and 813 of those shares were withheld by Lazard to cover tax liabilities.

What do Lazard (LAZ) RSUs represent in Michael Gathy’s Form 4?

In this Form 4, each Lazard Restricted Stock Unit represents a contingent right to receive one share of common stock. When the RSUs vested on March 2, 2026, they converted on a one-for-one basis into 2,251 shares of Lazard common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/04/2026 - 06:01 PM Learn about SEC filing dates

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^*

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)
03/02/2026

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
Common Stock	03/02/2026	03/02/2026	M		2,251	A	(1)	2,251	D
Common Stock	03/02/2026	03/02/2026	F		813(2)	D	$50.6(3)	1,438	D

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 Units	(4)	03/02/2026	03/02/2026	M			2,251	(5)	(5)	Common Stock	2,251	(4)	7,194	D

Explanation of Responses:

1. Shares of Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs"), including RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.

2. Represents shares of Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).

3. Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the vesting date of RSUs referenced in Footnote (1).

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

5. RSUs vested on March 2, 2026.

Remarks:

	/s/ Michael Gathy by Shari L. Soloway under a P of A	03/04/2026
	** 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.