Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 271

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part II, Item 8
Chunk 271
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 Numberof SharesPurchasedas Part ofPubliclyAnnouncedPlans orProgramsApproximateDollar Value ofShares that MayYet Be PurchasedUnder the Plans orProgramsApril 1 – April 30, 2025Share Repurchase Program (1)–$– –$163.8 millionEmployee Tax Withholding    Transactions (2)8,041$41.51 –– May 1 – May 31, 2025Share Repurchase Program (1)–$– –$163.8 millionEmployee Tax Withholding    Transactions (2)1,539$44.27 –– June 1 – June 30, 2025Share Repurchase Program (1)85,894$43.81 85,894$160.1 millionEmployee Tax Withholding    Transactions (2)205,502$42.98 –– TotalShare Repurchase Program (1)85,894$43.81 85,894$160.1 millionEmployee Tax Withholding    Transactions (2)215,082$42.93 –– _______________________

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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 June 30, 2025.

DateRepurchaseAuthorizationExpiration($ in thousands)July 2024$200,000 December 31, 2026

The Company’s purchases under the share repurchase program over time are used to offset dilution from the shares that have been or will be issued under the 2018 Plan, as amended. Purchases under the share repurchase program may be made in the open market or through privately negotiated transactions, including those with employees. The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors. Amounts shown in this line item include repurchases of common stock and exclude the shares of common stock withheld by the Company to meet the minimum statutory tax withholding requirements as described below. As of June 30, 2025, a total of $160 million of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.  

(2)Under the terms of the 2018 Plan, upon the settlement of RSUs, shares of common stock may be withheld by the Company to meet the