Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 23

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 23
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   |     | General     
 Information |

EXECUTIVE COMPENSATION ITEM 2 ADVISORY VOTE REGARDING EXECUTIVE COMPENSATION The Board actively oversees the Company’s executive compensation practices and recognizes the significant interest of shareholders in such matters. As a result of that commitment, and in accordance with the requirements of Section 14A of the Exchange Act, we provide our shareholders annually with an opportunity to cast an advisory vote regarding the compensation of our NEOs as disclosed in this Proxy Statement. As further discussed under “Compensation Discussion and Analysis” below, the Company performed well in 2024 and delivered strong results as a result of close teamwork across the firm, our dedication to our clients, and improving business conditions throughout the year. We believe that our compensation philosophy and discipline, as implemented on a firm-wide basis by our NEOs during 2024, contributed to our strong performance. Although the result of this advisory vote will not be binding on the Board, our Compensation Committee, which is comprised solely of independent directors, will carefully consider the outcome of the vote when evaluating the effectiveness of our compensation policies and practices. BOARD OF DIRECTORS’ RECOMMENDATION

| The Board recommends that you vote FOR the following resolution: |

RESOLVED, that the shareholders of the Company approve the compensation paid to the Company’s named executive officers, as disclosed in this Proxy Statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and related narrative discussion. Compensation Discussion and Analysis This Compensation Discussion and Analysis describes our executive compensation philosophy, objectives and the elements of compensation paid to our NEOs and also explains the process by which our Compensation Committee makes executive compensation decisions. Our executive compensation program aims to motivate, reward and retain our management, support our strategic objectives and advance the long-term interests of our shareholders. Our NEOs for 2024 are:

| • | Peter R. Orszag, Chief Executive Officer; |

| • | Kenneth M. Jacobs, former Executive Chairman; |

| • | Mary Ann Betsch, Chief Financial Officer; |

| • | Evan L. Russo, Chief Executive Officer of Asset Management; and |

| • | Alexandra Soto, Chief Operating Officer. |

2024 Business Strategy and Performance Highlights We seek to invest in our business to drive profitable growth and we are continuing our focus on returning excess capital to shareholders. Our performance in 2024 is discussed under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2024 Annual Report