Lazard Ltd. director was just granted 944 restricted shares

Jane L Mendillo, a director of Lazard Ltd., just received 944 restricted shares from the company. The restricted shares don't become available to Mendillo until such time as they become vested. Mendillo now owns at least 20,270 restricted shares of the company.

Some additional info was provided as follows:

Deferred Stock Units ("DSUs") were awarded under Lazard Ltd's 2018 Incentive Compensation Plan as part of the Non-Executive Director Compensation arrangement. The DSUs will be converted into Class A Common Stock on a one-for-one basis following the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of Lazard Ltd. Amount excludes 1,400 shares of Class A Common Stock directly or indirectly beneficially owne d 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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