Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 48

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 48
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ing or settlement of such equity awards gave rise to a tax payable by the executive officers, and, consistent with our past practice, the Company purchased shares of common stock from certain of our executive officers equal in value to all or a portion of the estimated amount of such tax. In addition, during the years ended December 31, 2024, 2023 and 2022, the Company purchased shares of common stock from certain of our executive officers. The aggregate value of all such purchases in 2024, 2023 and 2022 was approximately $14,300, $11,100 and $16,500, respectively. Such shares of common stock are reported at cost, and are included in “common stock held by subsidiaries” on the accompanying consolidated statements of financial condition.As of December 31, 2024, a total of $200,000 of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.During the year ended December 31, 2024, Lazard, Inc. had in place trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which it effected stock repurchases in the open market.

105

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

Accumulated Other Comprehensive Income (Loss) (“AOCI”), Net of Tax—The tables below reflect the balances of each component of AOCI at December 31, 2024, 2023 and 2022 and activity during the years then ended:CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance, January 1, 2024$(123,991)$(165,958)$(289,949)$1 $(289,950)Activity:Other comprehensive loss before reclassifications(36,923)(6,509)(43,432)(61)(43,371)Adjustments for items reclassified to earnings, net of tax– 6,579 6,579 – 6,579 Net other comprehensive income (loss)(36,923)70 (36,853)(61)(36,792)Balance, December 31, 2024$(160,914)$(