Lazard, Inc. (LAZ) awards 3,982 deferred stock units to director
Rhea-AI Filing Summary
Lazard, Inc. granted an equity award to director Kathy Elsesser. She received 3,982 Deferred Stock Units (DSUs) at $0.00 per unit under Lazard, Inc.'s 2018 Incentive Compensation Plan as part of the Non-Executive Director Compensation arrangement. These DSUs convert into an equal number of common shares on a one-for-one basis after she leaves the Board, bringing her directly held DSU balance to 3,982.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Elsesser Kathy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 3,982 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 3,982 shares (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: 3,982 units
Price per unit: $0.0000
Deferred stock units after grant: 3,982 units
+2 more
5 metrics
Deferred stock units granted
3,982 units
Grant of Deferred Stock Units to director on 2026-07-23
Price per unit
$0.0000
Grant price for the Deferred Stock Units
Deferred stock units after grant
3,982 units
Total Deferred Stock Units held directly following the transaction
Conversion ratio to common stock
1:1
Each Deferred Stock Unit converts into one share of common stock after board service ends
Transaction date
2026-07-23
Date of Deferred Stock Unit grant to director Kathy Elsesser
Key Terms
Deferred Stock Units, 2018 Incentive Compensation Plan, Non-Executive Director Compensation arrangement, one-for-one basis
4 terms
Deferred Stock Units financial
"Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive"
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
"awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended,"
Non-Executive Director Compensation arrangement financial
"as part of the Non-Executive Director Compensation arrangement."
one-for-one basis financial
"The DSUs will be converted into Common Stock on a one-for-one basis"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Kathy Elsesser report for LAZ on 2026-07-23?
Kathy Elsesser reported an equity award of Deferred Stock Units for Lazard, Inc. on 2026-07-23. The grant consisted of 3,982 DSUs awarded as part of the Non-Executive Director Compensation arrangement under the 2018 Incentive Compensation Plan.
How many Deferred Stock Units did Lazard, Inc. (LAZ) director Kathy Elsesser receive?
Kathy Elsesser received 3,982 Deferred Stock Units (DSUs) from Lazard, Inc. This award increased her directly held DSU balance to 3,982 units, all tied to Lazard common stock on a one-for-one conversion basis after board service ends.
Under what plan were the DSUs for LAZ granted to Kathy Elsesser?
The DSUs were granted under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended. They were issued as part of the company’s Non-Executive Director Compensation arrangement, reflecting standard equity-based compensation for board members.
When will Kathy Elsesser’s Lazard (LAZ) Deferred Stock Units convert into common stock?
Kathy Elsesser’s DSUs will convert into Lazard common stock after she leaves the Board of Directors. Each DSU converts on a one-for-one basis into one share of common stock following the end of her board service.
Did Kathy Elsesser pay a price per Deferred Stock Unit in this LAZ transaction?
No cash price was paid per unit; the DSUs were granted at $0.0000 per Deferred Stock Unit. This reflects a compensation award rather than an open-market purchase of Lazard, Inc. common stock.
How many Lazard Deferred Stock Units does Kathy Elsesser hold after this grant?
Following this grant, Kathy Elsesser directly holds 3,982 Deferred Stock Units. All of these DSUs are linked to Lazard common stock and will convert on a one-for-one basis after she resigns from or ceases to be a board member.