Company: LAZ
Filing Date: 2025-04-30
Form Type: DEFA14A
Source: 0001140361-25-016471
Chunk: 6

Company: Lazard, Inc.
Filing Date: 2025-04-30
Form: DEFA14A
Chunk 6
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 received “low” concern on the RDA test and ISS’s quantitative pay vs. performance test, indicating pay and performance are reasonably aligned.

| Peer Group                                                                 |     | 3-Year TSR      
 Positioning     |     | 3-Year Average  
 CEO Pay         
 Positioning1    |     | RDA Score2 |     | Concern Level3 |
| Estimated RDA Result Using the Fair Market Value of the 2023 Special Award |     |                 |     |                 |     |            |     |                |
| Changed ISS Peer Group                                                     |     | 42.6 percentile |     | 76.7 percentile |     |      -34.1 |     | Low            |
| Changed ISS Peer Group Excluding Freedom Holding                           |     | 45.3 percentile |     | 75.3 percentile |     |      -30.0 |     | Low            |

| 1. | For purposes of this chart, 3-year average CEO pay includes the Stock Price PRPUs at the fair market value of approximately $18.8 million. |

| 2. | RDA score is calculated as the difference between the 3-year TSR positioning and the 3-year average CEO pay positioning. |

| 3. | A score of less than -38 results in “cautionary low” concern, a score of less than -50 results in “medium” concern, and a score of less than -60 results in “high” concern. |

| A-1 |