Lazard, Inc. filings document the regulatory record for a financial advisory and asset management company listed on the NYSE under LAZ. Form 8-K reports furnish quarterly and annual results, Regulation FD strategy updates, material agreements, executive officer changes, compensation arrangements, and other material-event disclosures tied to the firm’s advisory and asset management businesses.
Proxy materials cover board elections, governance practices, executive compensation and shareholder voting matters. The company’s risk-factor disclosures address conditions in global and regional financial markets, M&A activity, assets under management, liquidity, third-party exposures and competition, alongside capital-structure and reporting matters.
Lazard, Inc. is changing leadership of its asset management business. Evan L. Russo will step down as Chief Executive Officer of Lazard’s asset management business effective on or around December 1, 2025, and no later than December 31, 2025. He will move into a non-executive role as Senior Advisor to the Company’s Chief Executive Officer and remain employed in that role through June 30, 2026, when his service with the company will end.
During this advisory period, Mr. Russo will keep his current base salary, remain in company benefit plans and continue to be eligible to vest in outstanding equity awards according to their existing terms. Upon his separation, he will be eligible for severance and equity treatment described in prior agreements and the 2025 proxy statement, with cash severance calculated as if his termination occurred on December 31, 2025. Lazard also appointed Christopher Hogbin as Managing Director and Chief Executive Officer of its asset management business, effective on a mutually agreed date no later than January 30, 2026.
Lazard, Inc. reported that its Board of Directors has elected Dmitry Shevelenko as a director, effective September 2, 2025. He has not yet been assigned to any board committee.
Upon joining the board, Mr. Shevelenko will receive compensation under Lazard’s standard compensation program for non-employee directors, as previously described in the company’s 2025 proxy statement. The company states there are no arrangements or understandings with any person regarding his appointment, no family relationships with existing directors or executives, and no related-party transactions requiring disclosure.
Lazard also furnished a press release announcing his election as Exhibit 99.1, which is treated as “furnished” rather than “filed” under securities law.
Michael Gathy, Chief Accounting Officer of Lazard, Inc. (LAZ), acquired 86 restricted stock units (RSUs) on 08/15/2025 pursuant to dividend-equivalent reinvestment of existing RSU awards. Each RSU represents a contingent right to one share of common stock. Of the 86 RSUs, 21 are scheduled to vest on or around March 2, 2026; 35 on or around March 1, 2027; and 30 on or around March 1, 2028. Following this transaction, the reporting person beneficially owned 9,258 shares (this amount excludes 617 shares directly or indirectly beneficially owned). The Form 4 was signed on behalf of Michael Gathy under a power of attorney on 08/19/2025.
Insider stock award reinvestment increased beneficial ownership. Lazard Chief Operating Officer Alexandra Soto received 2,380 restricted stock units (RSUs) on 08/15/2025 under dividend-equivalent reinvestment provisions. Each RSU converts to one share of common stock. The filing shows 2,380 RSUs added to the reporting position and reports beneficial ownership of 259,312 shares following the transaction; this total excludes 113,872 shares the filer holds directly or indirectly. The RSUs vest in three tranches: 583 around March 2, 2026; 864 around March 1, 2027; and 933 around March 1, 2028.
Peter R. Orszag, the CEO & Chairman and a director of Lazard, Inc. (LAZ), acquired 596 restricted stock units (RSUs) on 08/15/2025 through the dividend equivalent reinvestment provisions of existing RSU awards. Each RSU represents a contingent right to one share of common stock and the newly acquired RSUs vest on or around 09/03/2025. After this transaction the report shows 64,949 RSU shares beneficially owned following the reported transaction, excluding 170,285 shares of common stock directly or indirectly beneficially owned by the reporting person. The Form 4 was signed by power of attorney on 08/19/2025.
Stephen R. Howe, Jr., a director of Lazard, Inc. (LAZ), elected to receive Deferred Stock Units (DSUs) in lieu of cash compensation on 08/15/2025. He was granted 74 DSUs under Lazard's 2018 Incentive Compensation Plan, which will convert one-for-one into common stock when he resigns or otherwise ceases to serve on the board. The reported transaction shows a $0 price for the DSUs and indicates the reporting person beneficially owns 10,232 shares following the transaction. The Form 4 was executed on 08/19/2025 by a power of attorney.
Andrew M. Alper, a director of Lazard, Inc. (LAZ), elected on 08/15/2025 to receive 651 Deferred Stock Units (DSUs) in lieu of cash compensation under the company's 2018 Incentive Compensation Plan. The DSUs are slated to convert into common stock on a one-for-one basis when Mr. Alper resigns or otherwise ceases to be a board member. Following the reported DSU award, the filing shows 97,400 shares of common stock beneficially owned by the reporting person. The Form 4 was signed by power of attorney and filed on 08/19/2025.
Ariel Investments, LLC reports beneficial ownership of 5,753,997 shares of Lazard Inc common stock, representing 5.1% of the class. The filing discloses that Ariel has sole voting power over 5,207,803 shares and sole dispositive power over 5,753,997 shares, with no shared voting or dispositive power reported.
The document identifies Ariel as an investment adviser (IA) and states that its adviser clients have the right to receive dividends or proceeds from these securities, while noting no individual client holds an economic interest exceeding 5%. The filing certifies the holdings are held in the ordinary course of business and not to change control of the issuer.