T. Rowe Price reports 9.6M-share stake in Lazard

T. Rowe Price Associates, Inc. amended its Schedule 13G to report beneficial ownership of 9,601,861 shares of Lazard Inc common stock, representing 8.6% of the class.

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. amended its Schedule 13G to report beneficial ownership of 9,601,861 shares of Lazard Inc common stock, representing 8.6% of the class. The filing lists 9,547,474 shares as sole voting power. The filing includes the statement that "beneficial ownership is expressly denied."

Insights

Institutional Ownership Analyst

Large passive holding reported with an ownership denial clause.

The filing shows 9,601,861 shares and 9,547,474 sole voting power, equivalent to 8.6% of Lazard's common stock. The holder is identified as T. Rowe Price Associates, Inc.

Because the filing includes a denial of beneficial ownership, the practical control and economic exposure should be interpreted cautiously; subsequent disclosures or regulatory context may clarify intent.

Key Figures

Amount beneficially owned: 9,601,861 shares Sole voting power: 9,547,474 shares Percent of class: 8.6% +1 more

4 metrics

Amount beneficially owned 9,601,861 shares Amount beneficially owned reported in Item 4

Sole voting power 9,547,474 shares Number of shares with sole power to vote as reported

Percent of class 8.6% Percent of class reported in Item 4

Filing signature date 05/15/2026 Signature date on the Schedule 13G/A

Key Terms

Schedule 13G/A, Sole Voting Power, Beneficial ownership denial

3 terms

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: LAZARD INC"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Sole Voting Power financial

"Sole Voting Power 9,547,474.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Beneficial ownership denial regulatory

"which beneficial ownership is expressly denied."

FAQ

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

What stake in Lazard (LAZ) does T. Rowe Price report?

T. Rowe Price reports beneficial ownership of 9,601,861 shares, equal to 8.6% of Lazard's common stock. The Schedule 13G/A shows 9,547,474 shares as sole voting power and zero shared voting power.

Does this Schedule 13G/A mean T. Rowe Price controls Lazard votes?

The filing lists 9,547,474 shares under sole voting power, indicating voting authority claimed on those shares. However, the filing also includes a statement denying beneficial ownership, which affects interpretation of control.

When was the amended Schedule 13G/A signed?

The Schedule 13G/A is signed by Ellen York, Vice President, with a signature date of 05/15/2026. The cover references Lazard Inc common stock with CUSIP 52110M109 and an amendment label of Amendment No. 2.

What does the filing's "beneficial ownership is expressly denied" clause mean?

The clause states the filer does not admit beneficial ownership of the securities. It is a declarative statement in the filing and may indicate a legal or interpretive position rather than changing the numeric ownership figures reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 10:07 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

LAZARD INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

52110M109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 52110M109

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,547,474.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 9,601,861.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,601,861.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LAZARD INC
(b)	Address of issuer's principal executive offices: 30 ROCKEFELLER PLAZA, NEW YORK, NY, 10112
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 52110M109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9601861
(b)	Percent of class: 8.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9547474
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 9601861
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026