Steven J Heyer, a director of Lazard Ltd., just received 1,064 restricted shares from the company. The restricted shares don't become available to Heyer until such time as they become vested. Heyer now owns at least 102,412 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.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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