Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 89

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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ent basis3,585,145 3,351,1823,607,1572,925,977Weighted average number of shares of common stock outstanding - basic98,112,393 93,627,47696,967,37992,591,435Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a)9,889,369 9,847,7588,946,6718,560,189Weighted average number of shares of common stock outstanding - diluted108,001,762 103,475,234105,914,050101,151,624Net income attributable to Lazard per share of common stock:Basic$0.71 $1.13 $1.88 $2.04 Diluted$0.65 $1.02 $1.72 $1.88 __________________________________

(a)The aggregate weighted average number of incremental shares of common stock issuable from PIPRs for the three month and nine month periods ended September 30, 2025 of 1,572,289 and 1,985,705, respectively, and for the three month and nine month periods ended September 30, 2024 of 1,229,021 and 1,541,854, respectively, that could be potentially dilutive in future periods, have been excluded from the computation of diluted net income per share as the effect would be antidilutive in the respective periods. 

18.    RELATED PARTIES

Sponsored FundsThe Company serves as an investment advisor for certain affiliated investment companies and fund entities and receives management fees and, for the alternative investment funds, performance-based incentive fees for providing such services. Asset management fees relating to such services were $171,114 and $456,539 for the three month and nine month periods ended September 30, 2025, respectively, and $140,025 and $407,875 for the three month and nine month periods ended September 30, 2024, respectively, and are included in “asset management fees” on the condensed consolidated statements of operations. Of such amounts, $62,257 and $68,577 remained as receivables at September 30, 2025 and 

39

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