Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 76

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 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 nine month periods ended September 30, 2025 and 2024, the Company purchased shares of common stock from certain of our executive officers. The aggregate value of all such purchases during the nine month periods ended September 30, 2025 and 2024 was approximately $12,800 and $14,300, respectively. Such shares of common stock are reported at cost, and are either included in “common stock held by subsidiaries” on the accompanying condensed consolidated statements of financial condition or were immediately canceled by the Company. As of September 30, 2025, a total of $158,989 of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.During the nine month period ended September 30, 2025, Lazard, Inc. had in place trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which it effected stock repurchases in the open market. Accumulated Other Comprehensive Income (Loss) (“AOCI”), Net of Tax—The tables below reflect the balances of each component of AOCI at September 30, 2025 and 2024 and activity during the three month and nine month periods then ended:Three Months Ended September 30, 2025CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance - July 1, 2025$(90,833)$(178,064)$(268,897)$6 $(268,903)Activity:Other comprehensive income (loss) before reclassifications, net of tax(8,838)2,961 (5,877)1 (5,878)Adjustments for items reclassified to earnings, net of tax– 1,831 1,831 – 1,831 Net other comprehensive income (loss)(8,838)4,792 (4,046)1 (4,047)Balance, September 30, 2025$(99,671)$(173,272)$(272,943)$7 $(272,950)

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LAZARD, INC.NOTES TO CONDENSE