Ariel Investments, LLC reports beneficial ownership of 5,826,289 shares of Lazard Inc Common Stock, representing 5.2% of the class as of 03/31/2026. The filing states Ariel has sole voting power over 5,265,803 shares and sole dispositive power over 5,826,289 shares. The Schedule 13G notes these holdings are held on behalf of adviser clients; no single client holds an economic interest exceeding 5% of the class. The form is signed by James Prescott, Vice President, Compliance, dated 05/14/2026.
Positive
None.
Negative
None.
Insights
Large passive stake disclosure: Ariel holds 5.2% of Lazard common stock.
Ariel Investments reports beneficial ownership of 5,826,289 shares (5.2%) with sole voting power over 5,265,803 shares and sole dispositive power over 5,826,289 shares as of 03/31/2026. The filing identifies these shares as held on behalf of adviser clients rather than a single beneficial owner.
Holding size is at the 5% reporting threshold so this public disclosure clarifies regulatory status and potential stakeholder influence. Subsequent filings may show changes in position; timing of any voting coordination or proxy intentions is not stated in the excerpt.
Key Figures
Beneficial ownership:5,826,289 sharesPercent of class:5.2%Sole voting power:5,265,803 shares+3 more
6 metrics
Beneficial ownership5,826,289 sharesas of 03/31/2026
Percent of class5.2%common stock
Sole voting power5,265,803 sharescommon stock
Sole dispositive power5,826,289 sharescommon stock
Reporting CUSIP52110M109Lazard Inc Common Stock
Signature date05/14/2026Schedule signed by James Prescott
Key Terms
Schedule 13G, beneficial ownership, sole dispositive power, sole voting power
4 terms
Schedule 13Gregulatory
"Ariel Investments, LLC reports beneficial ownership on Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownershipregulatory
"Amount beneficially owned: 5,826,289"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 5,826,289"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
sole voting powerregulatory
"Sole power to vote or to direct the vote: 5,265,803"
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.
What stake does Ariel Investments report in Lazard (LAZ)?
Ariel Investments reports beneficial ownership of 5,826,289 shares, representing 5.2% of Lazard common stock as of 03/31/2026. The filing lists sole voting power over 5,265,803 shares.
Does any single Ariel client own more than 5% of Lazard?
No. The Schedule 13G states Ariel's adviser clients hold the shares and that no single client has an economic interest exceeding 5% of the class in the reported securities.
What kind of power does Ariel have over the shares?
The filing reports sole voting power for 5,265,803 shares and sole dispositive power for 5,826,289 shares, indicating Ariel can direct voting and disposition for those shares.
What dates are relevant in this Schedule 13G filing?
The ownership amounts are stated as of 03/31/2026, and the Schedule is signed on 05/14/2026 by James Prescott, Vice President, Compliance for Ariel Investments.
Is this filing indicative of active intent to influence Lazard?
The Schedule 13G reports beneficial ownership at the reporting threshold and notes holdings are on behalf of adviser clients; it does not state any intent to influence management or nominate directors in the provided excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Lazard Inc
(Name of Issuer)
Common Stock SH
(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
Ariel Investments, LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,265,803.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,826,289.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,826,289.00
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)
5.2 %
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, US-NY, 10112, US
Item 2.
(a)
Name of person filing:
Ariel Investments, LLC
(b)
Address or principal business office or, if none, residence:
200 E. Randolph Street, Suite 2900, Chicago, 60601, United States
(c)
Citizenship:
DELAWARE
(d)
Title of class of securities:
Common Stock SH
(e)
CUSIP Number(s):
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:
5,826,289
(b)
Percent of class:
5.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
5,265,803
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
5,826,289
(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.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Ariel Investments, LLC's adviser clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all securities reported upon this Schedule. None of Ariel Investments, LLC's clients have an economic interest in more than 5% of the subject securities reported upon this Schedule.
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.
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.
