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: 3/10/2023ACC: 0001209191-23-017947
DirectorOfficer· Chairman and CEO
Since Aug 2018
-132.14K
Net shares
Net seller
$4.89M
Total sold
0
Open market trades
0B · 0S
3
Total transactions
323.18K acquired · 455.31K disposed
Non-Derivative Transactions2
Class A Common Stock
Direct
Shares
+323.18K
Price / share
—
Trade value
—
% of position
18.0%
3/8/2023
1.79M→2.11M
Class A Common Stock
Direct
Shares
−132.14K
Price / share
$37.00
Trade value
$4.89M
% of position
6.2%
3/8/2023
2.11M→1.98M
Total
Net shares
+191.04K
Net value
-$4.89M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Direct | 3/8/2023 | M · Option Exercise | +323.18K | — | — | 18.0% | 1.79M | 2.11M |
| Class A Common Stock Direct | 3/8/2023 | D · Disposition | −132.14K | $37.00 | $4.89M | 6.2% | 2.11M | 1.98M |
| Total | +191.04K | -$4.89M | ||||||
Derivative Transactions1
Performance-based Restricted Participation Units
Direct
Converts to
Class A Common Stock
323.18K shares
Shares
−323.18K
Strike price
Held after
0.00
Exercisable
—
3/8/2023
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance-based Restricted Participation Units Direct | Class A Common Stock323.18K shares | 3/8/2023 | M · Option Exercise | −323.18K | — | 0.00 |