Lazard director awarded 4,068 deferred stock units
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
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
Grant/Award: 4,068 shares
Grant/Award
1 txn
Insider
Alper Andrew M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,068 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 103,774 contracts (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: 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
