Lazard director granted 4,242 deferred stock units

Lazard, Inc. director Stephen R. Howe Jr. received a grant of 4,242 Deferred Stock Units as compensation under the company’s 2018 Incentive Compensation Plan for non-executive directors.

Rhea-AI Filing Summary

Lazard, Inc. director Stephen R. Howe Jr. received a grant of 4,242 Deferred Stock Units as compensation under the company’s 2018 Incentive Compensation Plan for non-executive directors. Following this award, he holds a total of 14,740 Deferred Stock Units directly.

The Deferred Stock Units are tied to Lazard common stock on a one-for-one basis. They will be converted into shares of common stock after Howe resigns from, or otherwise ceases to be, a member of Lazard’s Board of Directors, making this a deferred, equity-based compensation arrangement rather than an open-market stock transaction.

Insider Trade Summary

Grant/Award: 4,242 shares

Grant/Award 1 txn

Insider Howe Stephen R. Jr.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	4,242	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 14,740 contracts (Direct)

Footnotes (2)

1. 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.
2. 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: 4,242 units Deferred Stock Units after grant: 14,740 units Conversion ratio: 1 DSU : 1 share +1 more

4 metrics

Deferred Stock Units granted 4,242 units Grant on 2026-06-01 as director compensation

Deferred Stock Units after grant 14,740 units Total DSUs held directly following transaction

Conversion ratio 1 DSU : 1 share Each Deferred Stock Unit converts into one Lazard common share

Grant price per unit $0.00 Deferred Stock Units awarded at stated price of zero

Key Terms

Deferred Stock Units, 2018 Incentive Compensation Plan, Non-Executive Director Compensation arrangement, 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

"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"

Board of Directors financial

"ceases to be a member of, the Board of Directors of Lazard, Inc."

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.

FAQ

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

What did Lazard (LAZ) director Stephen R. Howe Jr. report in this Form 4?

Stephen R. Howe Jr. reported receiving 4,242 Deferred Stock Units as a compensation grant. These units were issued under Lazard’s 2018 Incentive Compensation Plan for non-executive directors, increasing his total Deferred Stock Units to 14,740 and representing deferred, stock-based board compensation.

How many Deferred Stock Units does Stephen R. Howe Jr. hold after this Lazard (LAZ) transaction?

After the reported grant, Stephen R. Howe Jr. holds 14,740 Deferred Stock Units directly. This total reflects the newly awarded 4,242 units added to his prior balance and represents his accumulated deferred equity compensation tied to Lazard common stock as a non-executive board member.

When will Stephen R. Howe Jr.’s Lazard (LAZ) Deferred Stock Units convert into common stock?

The Deferred Stock Units will convert into Lazard common stock after Howe leaves the Board. Conversion occurs on a one-for-one basis following his resignation or other cessation as a director, meaning each Deferred Stock Unit becomes one share of Lazard common stock at that time.

Are Stephen R. Howe Jr.’s Lazard (LAZ) Deferred Stock Units an open-market stock purchase?

No, these Deferred Stock Units are a grant, not an open-market purchase. They were awarded at a stated price of zero under Lazard’s 2018 Incentive Compensation Plan as part of non-executive director compensation, and will later convert into common stock rather than being bought on the market.

What plan governs the Lazard (LAZ) Deferred Stock Units granted to Stephen R. Howe Jr.?

The Deferred Stock Units were granted under Lazard, Inc.’s 2018 Incentive Compensation Plan, as amended. This plan covers equity-based awards, and in this case the DSUs were issued as part of the Non-Executive Director Compensation arrangement, providing deferred stock-linked compensation instead of immediate cash payments.

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 06/03/2026 - 04:36 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^*

Howe Stephen R. Jr.

(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		4,242		(2)	(2)	Common Stock	4,242	$0	14,740	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/ Stephen R. Howe, Jr. 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)