Company: LAZ
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010240
Chunk: 41

Company: Lazard, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 41
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 of Notes to the Consolidated Financial Statements contained in our 2024 Annual Report for a discussion of the assumptions used in the valuation of the PIPRs, RSUs, Stock Price PRPUs, PRUs and LFIs. |

| (3) | For 2023, represents for Messrs. Orszag and Russo, the grant date fair value of the Stock Price PRPUs as well as, for Mr. Orszag, a special grant of RSUs with a grant date fair value of $2,000,000. For 2022, represents for Mr. Orszag a special RSU grant with a grant date fair value of $2,500,000. |

| (4) | Reflects the total of the previous two columns (Annual Grants and Special Grants). |

| (5) | Represents the aggregate change in actuarial present value of the accumulated benefits of Mr. Jacobs in 2023 under the Lazard Frères & Co. LLC Employees’ Pension Plan. |

| (6) | For 2024, the items comprising “All Other Compensation” represent: |

|                   |     |  Life and Long- 
 term Disability 
       Insurance 
        Premiums |     |         Matching 
 Contributions to 
      401(k) Plan |     | Payment in Lieu 
      of Pension |     |     Interest 
   Accrued on 
      Capital 
  Accounts in 
 Lazard Group |     |       Other 
 Benefits(a) |     |    Total |
| Peter R. Orszag   |     |          $2,914 |     |          $13,800 |     |               — |     |     $106,826 |     |     $36,654 |     | $160,194 |
| Kenneth M. Jacobs |     |          $2,914 |     |          $13,800 |     |               — |     |     $169,501 |     |     $41,375 |     | $227,590 |
| Mary Ann Betsch   |     |          $2,914 |     |          $13,800 |     |               — |     |       $3,585 |     |     $16,688 |     |  $36,987 |
| Evan L. Russo     |     |          $2,914 |     |          $13,800 |     |               — |     |     $150,635 |     |     $19,509