Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 56

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 56
---
 This same methodology was used to reflect compensation in respect of 2024 for each of our NEOs in the table under “Compensation Discussion and Analysis—Awarded Compensation Table” above and, as noted in the text preceding the Awarded Compensation Table, reflects compensation for 2024 performance in the manner it was considered by our Compensation Committee. In determining 2024 awarded compensation, we did not apply any cost-of-living adjustments or annualize any partial year compensation. We determined the annual total compensation for 2024 for the median employee identified as of December 31, 2024 in accordance with the requirements for determining total compensation in the Summary Compensation Table. The 2024 annual total compensation for our CEO, as reported in the Summary Compensation Table in this Proxy Statement, was $11,395,756. The 2024 median annual total compensation for our median employee, determined in accordance with the requirements for determining total compensation in the Summary Compensation Table, was $238,703. The ratio of our CEO’s annual total compensation to the median annual total compensation of our median employee for 2024 is 48 to 1. We believe that this ratio represents a reasonable estimate calculated in a manner consistent with Item 402(u).

| Page 47 |

TABLE OF CONTENTS

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

Pay Versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation disclosed in the Summary Compensation Table and executive compensation “actually paid” (as defined in Item 402(v) of Regulation S-K) and certain measures of our financial performance with respect to the individuals serving as our CEO (our “PEO”) and, on average, our other NEOs during 2024, 2023, 2022, 2021 and 2020. The values shown below are disclosed in the manner required by SEC rules, but in certain cases, particularly with respect to the valuation of equity awards, the values shown may not correspond to the actual economic benefit that will be received by the applicable executive upon receipt of the applicable compensation. In addition, our performance-based long-term incentive awards granted in 2024, 2023, 2022, 2021 and 2020 in respect of