Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 15

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 15
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,641 Dividend equivalents18,026 (19,001)(975)(9,897)(10,872)Common stock dividends ($1.94 per share)(181,880)(181,880)(181,880)Purchase of common stock19,666,798 (691,705)(691,705)(691,705)Delivery of common stock in connection with share-based incentive compensation and related tax benefit of $6,441(224,383)(40,559)(4,906,386)205,957 (58,985)3,508 (55,477)Distributions to noncontrolling interests, net- (31,537)(31,537)LFI Consolidated Funds- 18,279 18,279 Change in redemption value of redeemable noncontrolling interests3,879 3,879 1,662 5,541 (5,541)Other(1,538)7,661 (240)(1,778)(241)(2,019)Balance - December 31, 2022112,766,091$1,128 $167,890 $1,676,713 $(295,854)26,814,213$(993,414)$556,463 $118,936 $675,399 $583,471 

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         (*) Includes 112,766,091 shares of the Company’s common stock issued at December 31, 2024, 2023 and 2022.

See notes to consolidated financial statements.81

LAZARD, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except for per share data, unless otherwise noted)

1.    ORGANIZATION AND BASIS OF PRESENTATION

OrganizationLazard, Inc. is one of the world’s preeminent financial advisory and asset management firms, incorporated in Delaware that specializes in crafting solutions to the complex financial and strategic challenges of our clients. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. On January 1, 2024, Lazard completed its conversion (the “Conversion”) from an exempted company incorporated under the laws of Bermuda named Lazard Ltd to a U.S. C-Corporation named L