JACOBS KENNETH M (Chairman and CEO) exercised options at LAZARD, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 3/3/2022ACC: 0001209191-22-015948
DirectorOfficer· Chairman and CEO
Since Aug 2018
-120.09K
Net shares
Net seller
$4.15M
Total sold
0
Open market trades
0B · 0S
3
Total transactions
341.17K acquired · 461.26K disposed
Non-Derivative Transactions2
Class A Common Stock
Direct
Shares
+341.17K
Price / share
—
Trade value
—
% of position
21.7%
3/1/2022
1.57M→1.91M
Class A Common Stock
Direct
Shares
−120.09K
Price / share
$34.58
Trade value
$4.15M
% of position
6.3%
3/1/2022
1.91M→1.79M
Total
Net shares
+221.08K
Net value
-$4.15M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Direct | 3/1/2022 | M · Option Exercise | +341.17K | — | — | 21.7% | 1.57M | 1.91M |
| Class A Common Stock Direct | 3/1/2022 | D · Disposition | −120.09K | $34.58 | $4.15M | 6.3% | 1.91M | 1.79M |
| Total | +221.08K | -$4.15M | ||||||
Derivative Transactions1
Performance-based Restricted Participation Units
Direct
Converts to
Class A Common Stock
341.17K shares
Shares
−341.17K
Strike price
Held after
80.79K
Exercisable
—
3/1/2022
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance-based Restricted Participation Units Direct | Class A Common Stock341.17K shares | 3/1/2022 | M · Option Exercise | −341.17K | — | 80.79K |