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: 3/13/2024ACC: 0001209191-24-004817
DirectorOfficer· Chairman and CEO
Since Aug 2018
-160K
Net shares
Net seller
$6.27M
Total sold
0
Open market trades
0B · 0S
3
Total transactions
321.02K acquired · 481.02K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+321.02K
Price / share
—
Trade value
—
% of position
16.2%
3/11/2024
1.98M→2.30M
Common Stock
Direct
Shares
−160K
Price / share
$39.20
Trade value
$6.27M
% of position
6.9%
3/11/2024
2.30M→2.14M
Total
Net shares
+161.03K
Net value
-$6.27M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 3/11/2024 | M · Option Exercise | +321.02K | — | — | 16.2% | 1.98M | 2.30M |
| Common Stock Direct | 3/11/2024 | D · Disposition | −160K | $39.20 | $6.27M | 6.9% | 2.30M | 2.14M |
| Total | +161.03K | -$6.27M | ||||||
Derivative Transactions1
Performance-based Restricted Participation Units
Direct
Converts to
Common Stock
321.02K shares
Shares
−321.02K
Strike price
Held after
0.00
Exercisable
—
3/11/2024
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance-based Restricted Participation Units Direct | Common Stock321.02K shares | 3/11/2024 | M · Option Exercise | −321.02K | — | 0.00 |