Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 55

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
133,823)(133,823)(133,823)Purchase of common stock1,123,413(43,928)(43,928)(43,928)Delivery of common stock in connection with share-based incentive compensation and related tax expense of $1,419(221,242)(4,167,528)154,393 (66,849)1,241 (65,608)Business acquisitions and related equity transactions:Common stock issuable1,235 1,235 – 1,235  Distributions to noncontrolling interests, net(1,987)(1,987)LFI Consolidated Funds(11,863)Other144(6)(6)(6)Balance - September 30, 2024112,766,091$1,128 $284,091 $1,437,698 $(271,844)22,296,316 $(826,800)$624,273 $55,715 $679,988 $84,467 

See notes to condensed consolidated financial statements.11

LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

1.    ORGANIZATION AND BASIS OF PRESENTATION

OrganizationLazard, Inc. is a global financial advisory and asset management firm, incorporated in Delaware that specializes in crafting solutions to the complex financial and strategic challenges of our clients. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard, Inc. indirectly held 100% of all outstanding common membership interests of Lazard Group LLC, a Delaware limited liability company (collectively referred to, together with its subsidiaries, as “Lazard Group”), as of September 30, 2025 and December 31, 2024. Lazard, Inc., through its control of the managing members of Lazard Group LLC, controls Lazard Group, which is governed by a Third Amended and Restated Operating Agreement that is effective as of January 1, 2023 (the “Operating Agreement”).Lazard, Inc.’s primary operating asset is its indirect ownership of the common membership interests of, and managing member interests in, Lazard Group,