Lazard (LAZ) director granted 4,068 Deferred Stock Units as board pay

Rhea-AI Filing Summary

Lazard, Inc. director Andrew M. Alper received a grant of 4,068 Deferred Stock Units (DSUs) at a price of $0.00 under the company’s 2018 Incentive Compensation Plan as part of non-executive director compensation. Each DSU will convert into one share of common stock when he leaves the board, bringing his total reported DSU holdings to 103,774.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alper Andrew M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	4,068	$0.00	--

Holdings After Transaction: Deferred Stock Units — 103,774 shares (Direct, null)

Footnotes (1)

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. 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: 4,068 units Grant price per DSU: $0.00 Total DSUs after grant: 103,774 units +1 more

4 metrics

Deferred Stock Units granted 4,068 units Award to director Andrew M. Alper

Grant price per DSU $0.00 Compensation award, not market purchase

Total DSUs after grant 103,774 units Director’s reported DSU holdings following transaction

Conversion ratio 1 DSU : 1 share DSUs convert into Lazard common stock one-for-one

Key Terms

Deferred Stock Units, 2018 Incentive Compensation Plan, Non-Executive Director Compensation, one-for-one basis

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 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"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Alper Andrew M

(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		4,068		(2)	(2)	Common Stock	4,068	$0	103,774	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/ Andrew M. Alper 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)

FAQ

What did Lazard (LAZ) director Andrew M. Alper report in this Form 4?

Andrew M. Alper reported receiving 4,068 Deferred Stock Units as compensation for serving as a non-executive director. These units were granted at $0.00 under Lazard’s 2018 Incentive Compensation Plan and increase his total reported DSU holdings to 103,774.

How many Lazard (LAZ) Deferred Stock Units were granted to Andrew M. Alper?

Andrew M. Alper was granted 4,068 Deferred Stock Units (DSUs). These DSUs represent a deferred form of equity compensation that will later convert into common stock, providing equity-based pay linked directly to Lazard’s share value over time.

At what price were Andrew M. Alper’s Lazard (LAZ) DSUs awarded?

The 4,068 Deferred Stock Units were awarded at a price of $0.00 per unit. This reflects a compensation grant rather than an open-market purchase, aligning the director’s incentives with shareholders without requiring him to pay cash for the units.

When will Andrew M. Alper’s Lazard (LAZ) Deferred Stock Units convert into common stock?

The Deferred Stock Units will convert into Lazard common stock on a one-for-one basis after Andrew M. Alper resigns from, or otherwise ceases to be a member of, Lazard’s Board of Directors, deferring actual share delivery until his board service ends.

How many Lazard (LAZ) Deferred Stock Units does Andrew M. Alper hold after this grant?

Following this grant, Andrew M. Alper holds 103,774 Deferred Stock Units in total. These DSUs represent future rights to receive an equal number of Lazard common shares when they convert, giving him substantial deferred equity exposure tied to the company’s performance.

Under which plan were Andrew M. Alper’s Lazard (LAZ) DSUs granted?

The 4,068 Deferred Stock Units were granted under Lazard, Inc.’s 2018 Incentive Compensation Plan, as amended. This plan governs equity-based awards, including DSUs, used to compensate and align non-executive directors and other participants with shareholder interests.