Orszag Peter Richard's Form 4 filing
Lazard, Inc. (LAZ) · filed Sep 17, 2025
- Accession no.
- 0001837678-25-000005
- Filed
- Sep 17, 2025
- Trade date
- Sep 15-16, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.76M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Orszag Peter RichardCIK 0001837678 | Director, Officer (CEO & Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 15, 2025 | Common Stock | MOption exerciseAcquired | +64,949 | –F1 | – | 235,234 | Direct | |
| Sep 15, 2025 | Common Stock | DReturned to the companyDisposed | −19,485 | $55.59F3 | −$1,083,171.15 | 215,749 | Direct | |
| Sep 16, 2025 | Common Stock | SSaleDisposed | −32,475 | $54.09F5 | −$1,756,572.75 | 183,274 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 15, 2025 | Common Stock | MOption exerciseDisposed | −64,949 | $0.00F7 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Shares of Common Stock were acquired upon the exchange of a prior grant of Restricted Stock Units ("RSUs") into shares of Common Stock.
Referenced by the price of 1 transaction in Table I.
- F3
Represents the New York Stock Exchange closing price of Common Stock on the trading day immediately preceding the exchange date of the RSUs referenced in Footnote (6).
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions that were executed on September 16, 2025 in trades with average execution prices ranging from $53.76 to $54.53 inclusive. The Reporting Person undertakes to provide the issuer, any security holder of the issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the price ranges set forth in this report.
Referenced by the price of 1 transaction in Table I.
- F7
Each RSU represents a contingent right to receive one share of Common Stock.
Referenced by the price of 1 transaction in Table II.