Scott D Hoffman, Lazard Ltd.'s CAO and General Counsel, recently disposed of 30,000 shares of the company. The disposals took place at prices ranging from $0.00 to $34.04 per share, on August 21, 2019. Hoffman still owns 154,909 shares of the company. Hoffman operates out of New York, NY. Some additional info was provided as follows:
Represents Restricted Class A Common Stock that the reporting person is permitted to sell solely in order to pay the taxes in connection with previously reported settlements of Restricted Stock Units ("RSUs") (in accordance with the applicable award agreement).
Represents shares of Class A Common Stock sold primarily to cover the remaining amount of estimated taxes arising from previously reported settlements of Performance-based Restric
ted Stock Units and RSUs.
Reflects a weighted average purchase price of $34.0432 per share, at prices ranging from $34.00 to $34.34 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Lazard Ltd. makes a similar move, sign up!