Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 18

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 18
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 $15,000 for non-chair members of each committee ($20,000 in the case of the Audit Committee). |

Cash compensation is paid out on a quarterly basis (on or about the 15th of February, May, August, and November), and the DSUs described above, the number of which is determined based on the NYSE closing price of our common stock on the trading day immediately preceding the date of grant, are granted on an annual basis on or about June 1st of each year, except for initial prorated grants made to new directors upon their election or appointment to the Board, and to continuing directors upon their appointment to new Board Committees or positions. Non-employee directors may elect to receive additional DSUs in lieu of some or all of their cash compensation pursuant to the Directors Fee Deferral Unit Plan. Such DSUs are granted on the same quarterly cash payment dates noted above, with the number of DSUs determined based on the NYSE closing price of our common stock on the trading day immediately preceding the date of grant. All DSUs awarded under these arrangements are converted to shares of our common stock on a one-for-one basis and distributed to a director only after he or she ceases to be a member of the Board. Dividend equivalent payments are made in respect of DSUs, which are paid in cash at the same rate and time that dividends are paid on shares of our common stock. The Nominating and Governance Committee regularly reviews our director compensation program.

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TABLE OF CONTENTS

| Proxy   
 Summary |     | Governance |     | Executive    
 Compensation |     | Audit   
 Matters |     | Shareholder 
 Proposals   |     | General     
 Information |

The table below sets forth the compensation paid to our non-employee directors during 2024.

| Directors(1)             |     | Fees Earned or 
   Paid in Cash |     |     Stock 
 Awards(2) |     |    Total |
| Ann-Kristin Achleitner   |     |       $141,750 |     |  $173,271 |     | $315,021 |
| Andrew M. Alper(3)       |     |       $144,110 |     |  $176,006 |     | $320,116 |
| Stephen R. Howe Jr.      |     |       $115,406 |     |  $237,920 |     | $353,326 |
| Michelle Jarrard         |     |       $141