Christopher Hogbin, CEO Asset Administration at Lazard (NYSE:LAZ), reported the train of 48,332 choices with an instantaneous sale of 11,829 shares of Widespread Inventory throughout March 18 and March 19, 2026, in line with a SEC Type 4 submitting.
|
Metric |
Worth |
|---|---|
|
Shares offered (direct) |
11,829 |
|
Shares withheld for taxes (direct) |
24,674 |
|
Transaction worth |
~$474K |
|
Put up-transaction shares (direct) |
11,829 |
|
Put up-transaction shares (oblique) |
0 |
|
Put up-transaction worth (direct possession) |
~$471K |
Transaction worth primarily based on SEC Type 4 weighted common buy value ($40.04); post-transaction worth primarily based on March 19, 2026, market shut ($39.25).
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What was the construction and rationale for these transactions?
The exercise concerned the train of 48,332 choices, with 11,829 shares offered and 24,674 shares withheld for taxes—each actions reflecting direct administration of fairness compensation and liquidity wants. -
How did this sale influence Hogbin’s possession in Lazard?
The transaction decreased Hogbin’s direct Widespread Inventory holdings by 75.5% to 11,829 shares, although complete helpful possession stays materially increased resulting from 260,989 RSUs excellent. -
Did the transaction contain any oblique possession or associated entities?
No oblique holdings or entity-level transactions have been reported; all shares traded and disposed of have been held straight by Hogbin. -
What’s the ongoing publicity after the sale?
Regardless of the sale of Widespread Inventory, Hogbin’s persevering with place includes 11,829 shares straight plus 260,989 RSUs, which can convert to frequent inventory and characterize substantial potential future fairness publicity.
|
Metric |
Worth |
|---|---|
|
Income (TTM) |
$3.21 billion |
|
Internet earnings (TTM) |
$245.1 million |
|
Dividend yield |
5.1% |
|
1-year value change |
-12.7% |
* 1-year value efficiency calculated utilizing March 27, 2026 because the reference date.
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Presents monetary advisory providers, together with M&A, restructurings, capital and shareholder advisory, in addition to asset administration options throughout fairness, mounted earnings, and various investments.
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Generates income by way of advisory charges and asset administration charges, leveraging a dual-segment mannequin centered on each strategic monetary steering and funding administration.
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Serves a world shopper base of firms, governments, sovereign entities, establishments, endowments, and high-net-worth people.
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