Christopher Hogbin of Lazard (NYSE: LAZ) awarded 2,984 new RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lazard, Inc. reported that Christopher Hogbin, its CEO of Asset Management, acquired 2,984 Restricted Stock Units (RSUs) as a grant or award. The RSUs were credited at no cash cost under dividend equivalent reinvestment provisions tied to existing RSU awards, increasing his directly held RSUs to 309,321.
Each RSU represents a contingent right to receive one share of common stock. Of the reported RSUs, 467 are scheduled to vest on or around March 16, 2026, 840 on or around March 18, 2027, 840 on or around March 20, 2028, and 837 on or around March 22, 2029.
Positive
- None.
Negative
- None.
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 | 2,984 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 309,321 shares (Direct)
Footnotes (1)
- Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards. Each RSU represents a contingent right to receive one share of Common Stock. Of these RSUs, 467 will vest on or around March 16, 2026, 840 will vest on or around March 18, 2027, 840 will vest on or around March 20, 2028, and 837 will vest on or around March 22, 2029.
FAQ
What insider transaction did Lazard (LAZ) report for Christopher Hogbin?
Lazard reported that Christopher Hogbin, CEO of Asset Management, acquired 2,984 Restricted Stock Units as a grant or award. These RSUs were issued under dividend equivalent reinvestment provisions and increase his directly held RSUs to 309,321, with future vesting over several years.
What type of securities did Christopher Hogbin receive in this Lazard (LAZ) Form 4?
Christopher Hogbin received Restricted Stock Units, or RSUs, which are derivative securities. Each RSU represents a contingent right to receive one share of Lazard common stock, subject to the specified vesting dates and continued satisfaction of any applicable award conditions.
How many Lazard (LAZ) RSUs did Christopher Hogbin hold after this transaction?
After the transaction, Christopher Hogbin directly held 309,321 Restricted Stock Units. This total includes the 2,984 RSUs acquired through the grant or award reported, together with previously outstanding RSUs that remain subject to future vesting schedules.
How were the new Lazard (LAZ) RSUs for Christopher Hogbin generated?
The additional 2,984 RSUs were acquired pursuant to dividend equivalent reinvestment provisions on underlying RSU awards. Instead of paying cash dividends, the plan credits additional RSUs, effectively reinvesting dividends into more contingent stock units for the holder.
What is the vesting schedule for Christopher Hogbin’s new Lazard (LAZ) RSUs?
Of the reported RSUs, 467 will vest on or around March 16, 2026, 840 on or around March 18, 2027, 840 on or around March 20, 2028, and 837 on or around March 22, 2029, reflecting a multi-year vesting timeline.
Did Christopher Hogbin pay cash for the new Lazard (LAZ) RSUs?
No cash price was reported for the new RSUs; the per-unit transaction price is shown as 0.0000. The RSUs were acquired as a grant or award under dividend equivalent reinvestment provisions rather than through an open-market purchase.