Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 259

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 5
Chunk 259
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Item 5.    Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Our common stock is traded on The New York Stock Exchange under the symbol “LAZ.” 

As of January 24, 2025, there were approximately 17 holders of record of our common stock. This does not include the number of shareholders that hold shares in “street-name” through banks or broker-dealers.

On January 24, 2025, the last reported sales price for our common stock on the New York Stock Exchange was $53.90 per share.

Share Repurchases in the Fourth Quarter of 2024 

The following table sets forth information regarding Lazard’s purchases of its common stock on a monthly basis during the fourth quarter of 2024. 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 orPrograms October 1 – October 31, 2024Share Repurchase Program (1)–$– –$356.2 millionEmployee Transactions (2)236$50.43 November 1 – November 30, 2024Share Repurchase Program (1)80,679$61.01 80,679$351.2 millionEmployee Transactions (2)104$50.90 December 1 – December 31, 2024Share Repurchase Program (1), (3)205,896$51.72 205,896$200.0 millionEmployee Transactions (2)2,419$57.61 TotalShare Repurchase Program (1)286,575$54.34 286,575$200.0 millionEmployee Transactions (2)2,759$56.75 

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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 December 31, 2024. 

DateRepurchaseAuthorizationExpiration($ in thousands)February 2022$300,000 December 31, 2024July 2022$500,000 December 31, 2024July 2024$200,000 December 31, 2026

The Company’s purchases under the share repurchase program over time are used to offset