Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 34

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 34
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 Proposals   |     | General     
 Information |

| Name of Executive                        
 (Position)                               |     | Individual Performance                                                                                     
 Considerations                                                                                             |     | 2024 Total Incentive Compensation                                                                                                                                                                 |
| Alexandra Soto (Chief Operating Officer) |     | •Efforts to increase operating leverage by simplifying and streamlining processes                          
 •Execution of strategic initiatives, including accelerating the development and utilization of GenAI tools 
 •Efforts to continue to build and strengthen a commercial and collegial culture                            
 •Important contributions to Financial Advisory transactions                                                |     | Approximately $7 million, consisting of $5.27 million in the form of RSUs (68% of total compensation) and $1.73 million in the form of an annual cash incentive bonus (22% of total compensation) |

Awarded Compensation The following table (the “Awarded Compensation Table”) shows the base salary and incentive compensation awarded to our NEOs for their performance in 2024 in the manner it was considered by the Compensation Committee. This presentation differs from that contained in the Summary Compensation Table for 2024 in the following respects:

| • | by showing the notional value of PIPRs and the grant date fair value of RSUs granted in March 2025, as applicable, which related, in each case, to 2024 performance but are not reflected in the Summary Compensation Table for 2024 because they were granted after the end of our 2024 fiscal year; |

| • | by excluding the grant date fair value, as determined for accounting purposes, of PIPRs and RSUs granted in 2024 that related to 2023 performance, which, in each case, are included in the Summary Compensation Table for 2024 because they were granted after the end of our 2023 fiscal year; |

| • | by excluding the one-time Stock Price PRPUs that were granted in 2023 in respect of special long-term stock-price milestones to be achieved in future years; |

| • | by excluding the values reported in the “Change in Pension Value” and “All Other Compensation” columns, because they are not tied to the applicable NEO’s performance for the applicable year; and |

| • | by excluding special retention awards made to Mr. Orszag, which were not the result of the Compensation Committee’s evaluation of his performance for the applicable years set forth in the table below, but were awarded to Mr. Orszag for his contributions for prior years. For a description of the terms