Gathy Michael 4

What Happened

• Michael Gathy, Chief Accounting Officer of Lazard, received a grant of 5,564 restricted stock units (RSUs) on March 17, 2026. The award is a derivative compensation grant (no cash purchase or open-market trade); no per-share price or immediate cash value is reported in the filing.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 18, 2026 (timely filing).
• Transaction type/code: A — Award/Grant of derivative securities (RSUs).
• Number of RSUs granted: 5,564 total.
• Vesting schedule (from filing footnotes): 1,854 RSUs vest on or around March 1, 2027; 1,855 RSUs on or around March 1, 2028; and 1,855 RSUs on or around March 1, 2029.
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1 clarifies each RSU equals a contingent right to one share of Common Stock; F2 gives the three-part vesting schedule above.

Context

• RSUs are a form of compensation that convert to company shares only when they vest; they are not an immediate open-market purchase or sale. Such grants are routine executive compensation and do not, by themselves, indicate buying or selling sentiment in the market.