Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 281

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part II, Item 8
Chunk 281
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 case-by-case basis and establishes any required accrual if a loss is probable and the amount of such loss can be reasonably estimated. The Company may experience significant variation in its revenue and earnings on a quarterly basis. Accordingly, the results of any pending matter or matters could be significant when compared to the Company’s earnings in any particular quarter. The Company believes, however, based on currently available information, that the results of any pending matters, in the aggregate, will not have a material effect on its business or financial condition.

Item 1A.   Risk Factors

There were no material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds

None.

Issuer Repurchases of Equity Securities

The following table sets forth information regarding Lazard’s purchases of its common stock on a monthly basis during the third quarter of 2025. Share repurchases are recorded on a trade date basis.

PeriodTotalNumberof SharesPurchasedAveragePrice Paidper ShareTotal Numberof SharesPurchasedas Part ofPubliclyAnnouncedPlans orProgramsApproximateDollar Value ofShares that MayYet Be PurchasedUnder the Plans orProgramsJuly 1 – July 31, 2025Share Repurchase Program (1)–$– –$160.1 millionEmployee Tax Withholding    Transactions (2)1,083$48.98  August 1 – August 31, 2025Share Repurchase Program (1)–$– –$160.1 millionEmployee Tax Withholding    Transactions (2)795$54.01  September 1 – September 30, 2025Share Repurchase Program (1)19,485$55.59 19,485$159.0 millionEmployee Tax Withholding    Transactions (2)204,205$57.16  TotalShare Repurchase Program (1)19,485$55.59 19,485$159.0 millionEmployee Tax Withholding    Transactions (2)206,083$57.10  ____________________

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(1)The Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below as of September 30, 2025.

DateRepurchaseAuthorizationExpiration($ in thousands)July 2024$200