Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 26

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 26
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| • | A substantial majority of the compensation we pay to each of our NEOs is based on performance, which has helped us successfully retain and motivate our executives. Base salary is the only fixed portion of our compensation program. |

We Recruit and Retain Top Talent

| • | We seek professionals who have strong client relationships, valuable industry expertise and demonstrated management skills and who understand our culture and the needs of our business. Our Compensation Committee is committed to awarding to our NEOs compensation that is commensurate with their market value and competitive with our industry peers. |

| • | We strive to create a culture that fosters commercial and collegial behavior. Our policies and procedures reflect our commitment to equal pay for equal work and ensuring a safe, inclusive workplace, both of which are crucial to our business success. |

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TABLE OF CONTENTS

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

Executive Compensation Practices

| What We Do                                                          |     | What We Do Not Do                            |
| ✔Engage in Significant Shareholder Outreach                         
 ✔Apply Multi-Year Vesting to Equity Awards                          
 ✔Aim to Offset Most or All Equity Award Dilution over the Long Term 
 ✔Mitigate Undue Risk                                                
 ✔Employ Robust Stock Ownership Guidelines                           
 ✔Employ Clawback and Anti-Hedging Policies                          
 ✔Utilize Independent Compensation Consultant                        |     | ​✘Single-Trigger Vesting                     
 ✘Excise Tax Gross-Ups Upon Change in Control 
 ✘Enhanced Change in Control Severance        
 ✘Guaranteed Bonuses                          
 ✘Hedging Transactions or Short Sales         |

Compensation Program Design The key elements of our compensation program consist of base salaries and performance-based incentive compensation. We also have retention agreements with our NEOs that include severance protections. The following is a description of our compensation elements and the purposes each is designed to support: Overview of Our 2024 NEO Compensation Program Design

| Element                                  |     | Purpose                                                                                                               |     | Description                                                                                                                                                                    |
| Base Salary                              |     | Provide a predictable and competitive level of income relative to comparable positions at other companies             |     | •Represents a fixed and limited percentage of 2024 total compensation                                                                                                          |
| Performance-based Incentive Compensation |     | Motivate NEOs to achieve strong financial performance and other strategic and operational goals                       
 Equity-based incentive awards aligns