Lazard (NYSE: LAZ) CAO receives 5,564 RSUs vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gathy Michael reported acquisition or exercise transactions in this Form 4 filing.
Lazard, Inc. reported that Chief Accounting Officer Michael Gathy received a grant of 5,564 Restricted Stock Units, each representing one share of common stock. This award increases his directly held RSUs to 12,758. Portions of the grant are scheduled to vest in March 2027, March 2028, and March 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gathy Michael
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,564 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,758 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock. Of these RSUs, 1,854 will vest on or around March 1, 2027, 1,855 will vest on or around March 1, 2028, and 1,855 will vest on or around March 1, 2029.
FAQ
What insider transaction did Lazard (LAZ) report for Michael Gathy?
Lazard reported that Chief Accounting Officer Michael Gathy received a grant of 5,564 Restricted Stock Units. These RSUs are a form of stock-based compensation that convert into shares of common stock as they vest over several future years.
How many Restricted Stock Units were granted to Lazard CAO Michael Gathy?
Michael Gathy was granted 5,564 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Lazard common stock, providing long-term equity-based compensation aligned with the company’s future performance and share price.
What is Michael Gathy’s Lazard equity position after this Form 4 grant?
After the grant, Michael Gathy holds 12,758 Restricted Stock Units directly. These RSUs, once vested and settled in shares, will increase his ownership stake in Lazard common stock, further tying his compensation to shareholder outcomes over time.
How do the newly granted Lazard RSUs to Michael Gathy vest?
The RSUs vest in tranches: 1,854 vest on or around March 1, 2027, 1,855 vest on or around March 1, 2028, and 1,855 vest on or around March 1, 2029. Vesting is required before the RSUs convert into common shares.
What does each Lazard Restricted Stock Unit granted to Michael Gathy represent?
Each Restricted Stock Unit granted to Michael Gathy represents a contingent right to receive one share of Lazard common stock. He receives the actual shares only as the RSUs vest according to the specified schedule over the coming years.