Lazard (LAZ) director awarded 4,010 Deferred Stock Units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lazard, Inc. director Iris Knobloch received a grant of Deferred Stock Units as part of her non-executive director compensation. She was awarded 4,010 Deferred Stock Units, bringing her reported holdings of these units to 42,160.
The Deferred Stock Units were granted under Lazard, Inc.'s 2018 Incentive Compensation Plan and will convert into an equal number of shares of common stock on a one-for-one basis after she resigns from, or otherwise ceases to be, a member of the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Knobloch Iris
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,010 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 42,160 shares (Direct, null)
Footnotes (1)
- Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended, as part of the Non-Executive Director Compensation arrangement. The DSUs will be converted into Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard, Inc.
Key Figures
Deferred Stock Units granted: 4,010 units
Deferred Stock Units after grant: 42,160 units
Conversion ratio: 1 unit : 1 share
+1 more
4 metrics
Deferred Stock Units granted
4,010 units
Grant to director on 2026-06-01
Deferred Stock Units after grant
42,160 units
Total DSU holdings following transaction
Conversion ratio
1 unit : 1 share
DSUs convert into common stock after board service ends
Transaction code
A (grant/award acquisition)
Form 4 derivative transaction classification
Key Terms
Deferred Stock Units, 2018 Incentive Compensation Plan, Non-Executive Director Compensation, Board of Directors
4 terms
Deferred Stock Units financial
"Deferred Stock Units ("DSUs") were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2018 Incentive Compensation Plan financial
"DSUs were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended"
Non-Executive Director Compensation financial
"as part of the Non-Executive Director Compensation arrangement"
Board of Directors financial
"following the date that the reporting person resigns from the Board of Directors of Lazard, Inc."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Lazard (LAZ) director Iris Knobloch report in this Form 4?
Director Iris Knobloch reported receiving a grant of 4,010 Deferred Stock Units as compensation. These units increase her total reported Deferred Stock Unit holdings to 42,160, all linked to Lazard common stock on a one-for-one basis.
Is the Lazard (LAZ) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through a grant or award, not an open-market purchase or sale. The 4,010 Deferred Stock Units were awarded as part of non-executive director compensation under Lazard’s 2018 Incentive Compensation Plan.
What is the size of Iris Knobloch’s Deferred Stock Unit holdings at Lazard (LAZ)?
Following the latest grant, Iris Knobloch holds 42,160 Deferred Stock Units. Each unit represents the right to receive one share of Lazard common stock in the future, subject to her service ending on the Board of Directors.
Under what plan were the Lazard (LAZ) Deferred Stock Units granted?
The 4,010 Deferred Stock Units were awarded under Lazard, Inc.'s 2018 Incentive Compensation Plan, as amended. The grant forms part of the company’s Non-Executive Director Compensation arrangement for members of its Board of Directors.
Does the Lazard (LAZ) Form 4 indicate any remaining derivative positions for the director?
The filing shows a grant of 4,010 Deferred Stock Units and total holdings of 42,160 such units. The derivative summary section in this filing excerpt lists no additional derivative positions beyond this reported Deferred Stock Unit award.