Alexander F. Stern, Lazard Ltd.'s Chief Operating Officer, just received 3,030 restricted shares from the company. The restricted shares don't become available to Stern until such time as they become vested. Stern now owns at least 41,199 restricted shares of the company.
Some additional info was provided as follows:
Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying Performance-based Restricted Stock Unit ("PRSU") awards.
Each RSU represents a contingent right to receive one share of Class A Common Stock.
Of these RSUs, 1,340 will vest on or around March 1, 2019, 961 will vest on or around March 2, 2020, and 729 will vest on or around March 1, 2021.
Amount excludes 125,702 shares of
Class A Common Stock and 86,411 PRSUs directly or indirectly beneficially owned by the reporting person.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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