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 Frequent Inventory throughout March 18 and March 19, 2026, based on a SEC Kind 4 submitting.
|
Metric |
Worth |
|---|---|
|
Shares bought (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 Kind 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 bought and 24,674 shares withheld for taxes—each actions reflecting direct administration of fairness compensation and liquidity wants. -
How did this sale impression Hogbin’s possession in Lazard?
The transaction lowered Hogbin’s direct Frequent Inventory holdings by 75.5% to 11,829 shares, although complete useful possession stays materially greater because of 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 instantly by Hogbin. -
What’s the ongoing publicity after the sale?
Regardless of the sale of Frequent Inventory, Hogbin’s persevering with place includes 11,829 shares instantly 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 revenue (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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Gives monetary advisory companies, together with M&A, restructurings, capital and shareholder advisory, in addition to asset administration options throughout fairness, mounted revenue, and various investments.
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Generates income via advisory charges and asset administration charges, leveraging a dual-segment mannequin centered on each strategic monetary steerage and funding administration.
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Serves a world consumer base of firms, governments, sovereign entities, establishments, endowments, and high-net-worth people.
Lazard operates as a number one world monetary advisory and asset administration agency, with a diversified income base and worldwide presence. The corporate’s technique facilities on offering high-value advisory companies and funding options to a broad array of institutional and governmental shoppers. Lazard’s aggressive edge is rooted in its deep sector experience and established consumer relationships throughout main world markets.
