Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 46

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 46
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 in March 2024 (relating to 2023 performance), which will vest on March 15, 2027: for Mr. Orszag, 168,206; for Ms. Betsch, 57,737; for Mr. Jacobs, 155,812; and for Mr. Russo, 159,353. Also includes 63,029 RSUs granted to Mr. Orszag as a special retention award, which will vest on September 3, 2025, and 152,984 RSUs granted to Ms. Soto, of which 61,599 will vest on March 2, 2026 and 91,385 will vest on March 1, 2027. |

| (3) | For Messrs. Orszag and Russo, this column includes 750,000 and 600,000 Stock Price PRPUs, respectively, representing the amounts attributable to the first two tranches of the Stock Price PRPUs. The stock price milestones were achieved for such tranches during 2024, but each tranche remains subject to continued service requirements (through August 23, 2026 and August 23, 2028, respectively). |

| (4) | With respect to PRPUs (and, in the case of Ms. Soto, PRSUs) granted in March 2022 (in respect of 2021 performance), in early 2025, the Compensation Committee determined that the underlying performance conditions achieved an aggregate score of 1.78x and the awards vested on March 13, 2025. Accordingly, this column includes the following number of PRPUs (or, in the of case of Ms. Soto, PRSUs), which in each case is equal to the product of (i) 1.78 and (ii) the original target number of shares of our common stock subject to such PRPUs or PRSUs, as applicable: for Mr. Orszag, 258,154; for Mr. Jacobs, 488,650; for Mr. Russo, 254,467; and for Ms. Soto, 110,638. For Messrs. Orszag and Russo, the amount reported also includes the final tranche of the Stock Price PRPUs, which will be earned (if at all) based on future increases to our stock price and satisfaction of continued service requirements through August 23, 2030 . See “Stock Price PR