Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 246

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 246
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 Related Stockholder Matters

Information regarding security ownership of certain beneficial owners and management and related shareholder matters will be presented in Lazard, Inc.’s definitive proxy statement for its 2025 annual meeting of shareholders, which will be held in Spring 2025, and is incorporated herein by reference.

Equity Compensation Plan Information

The following table provides information as of December 31, 2024 regarding securities issued under our 2018 Incentive Compensation Plan and 2008 Incentive Compensation Plan. 

PlanCategoryNumber of Securitiesto be Issued UponExercise ofOutstanding Options,Warrants and RightsWeighted-AverageExercise Price ofOutstandingOptions,Warrants and RightsNumber of SecuritiesRemaining Availablefor Future IssuanceUnder EquityCompensation Plans(Excluding SecuritiesReflected in theSecond Column)Equity compensation plans approved by security holders2018 Incentive Compensation Plan(1)22,767,840(4)25,079,950Equity compensation plans approved by security holders2008 Incentive Compensation Plan(2)51,683(3)(4)–Total22,819,523(3)25,079,950

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(1)Our 2018 Incentive Compensation Plan was approved by the stockholders of Lazard on April 24, 2018 and was amended on May 9, 2024 and April 29, 2021 to increase the aggregate number of shares authorized for issuance under 

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the 2018 Plan. The aggregate number of shares authorized for issuance under the 2018 Plan is 70 million. The 2018 Plan replaced the 2008 Incentive Compensation Plan, which was terminated on April 24, 2018. 

(2)Our 2008 Incentive Compensation Plan was approved by the stockholders of Lazard on May 6, 2008. The 2008 Incentive Compensation Plan was terminated on April 24, 2018, although awards granted under the 2008 Incentive Compensation Plan remain outstanding and continue to be subject to its terms.

(3)Represents outstanding stock unit awards and PIPRs, after giving effect to forfeitures, as of December 31, 2024. As of that date, the only grants made under the 2018 Incentive Compensation Plan have been in the form of stock unit awards and profits interest participation rights. See Note 16 of Notes to Consolidated Financial Statements for a description of the plans