Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 45

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 45
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 Each of our NEOs is entitled to an annual bonus to be determined under the Company’s applicable annual bonus plan on the same basis as annual bonuses are determined for other executive officers of the Company, subject to such NEO remaining employed by the Company at the end of the applicable fiscal year. Such bonus will be paid in the same ratio of cash to equity and deferred awards as is generally applicable to other executives receiving comparable bonuses. Each NEO is also entitled to participate in employee retirement and welfare benefit plans and programs of the type made available to our most senior executives. In addition, under his retention agreement (as replaced by the Jacobs Letter Agreement), Mr. Jacobs was entitled in 2024, subject to his continued employment with the Company, to the same fringe benefits and perquisites to which he was entitled as of March 31, 2022. Additionally, the Company will reimburse Mr. Russo on a reasonable basis with respect to the financial implications arising from Mr. Russo serving as CEO of Asset Management on the treatment of equity compensation and deferred awards that have been allocated to him prior to March 31, 2022. The individual agreements with our current NEOs (including the Jacobs Letter Agreement) also provide for certain severance benefits in the event of certain qualifying terminations of employment. See “Potential Payments Upon Termination or Change in Control” below for further details.

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TABLE OF CONTENTS

| Proxy   
 Summary |     | Governance |     | Executive    
 Compensation |     | Audit   
 Matters |     | Shareholder 
 Proposals   |     | General     
 Information |

2024 Outstanding Equity Awards at Fiscal Year-End The following table provides information about the number and value of PIPRs, RSUs, PRPUs, PRSUs, and Stock Price PRPUs that were actually held by our NEOs as of December 31, 2024. The market value of the PIPRs, RSUs, PRPUs, PRSUs, and Stock Price PRPUs was calculated based on the NYSE closing price of our common stock on December 31, 2024 ($51.48). The table does not include PIPRs that relate to 2024 performance, which were granted in early 2025.

| Named Executive Officer (1) |     |        Number of PIPRs 
          and RSUs That 
 Have Not Vested (2)(3) |     |  Market Value of PIPRs 
 and RSUs That Have Not 
                 Vested |