Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 42

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 42
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etsch   |     | March  12, 2024    |     |                         57,737 |     |  $2,209,018 |     |                      — |     |          — |
| Evan L. Russo     |     | March  12, 2024    |     |                        159,353 |     |  $6,096,846 |     |                      — |     |          — |
| Alexandra Soto    |     | February  8,  2024 |     |                              — |     |           — |     |                 87,408 |     | $3,413,282 |

| (1) | Amounts represent the grant date fair value of awards made in 2024, as computed in accordance with FASB ASC Topic 718, as set forth in footnote (2) to the “Summary Compensation Table” above. |

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table The PIPRs and RSUs included in the table above are subject to service-based conditions and represent a contingent right to receive a number of shares of our common stock. Assuming satisfaction of the applicable vesting criteria, the PIPRs or RSUs granted on March 12, 2024 and February 8, 2024 will vest on or around March 12, 2027 and March 1, 2027, respectively. Vesting of the PIPRs are subject to the achievement of the Minimum Value Condition within five years following the grant date. In addition, on March 11, 2024, the PIPRs and PRPUs granted in February 2021 in respect of 2020 compensation, for which the Minimum Value Condition was achieved on February 22, 2024 and other vesting conditions were satisfied, were exchanged on a one-for-one basis for shares of our common stock. Each of our NEOs sign award agreements in connection with the grant of such award. These agreements generally provide that unvested awards are forfeited on termination of employment, except in cases such as death, disability, a termination by the Company other than for “cause” (which includes for these purposes a resignation for “good reason”) or a qualifying retirement pursuant to our Deferred Compensation Retirement Policy. See “Deferred Compensation Retirement Policy” and “Potential Payments Upon Termination or Change in Control” below. In the event we declare cash dividends on our common stock, subject to satisfying any