CEO Peter Orszag Files to Sell $5.4M in Lazard Shares
LAZ is trading near its 52-week low of $38.67 (13% above the low).
Summary
Lazard CEO Peter Orszag filed to sell 125,000 shares worth about $5.44 million, acquired via restricted stock vesting, under a pre-existing 10b5-1 plan.
Key Events · Ownership and Investor Activity · LAZ
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CEO Files to Sell 125,000 Shares
Peter Orszag filed a Form 144 to sell 125,000 shares valued at approximately $5.44 million, with an approximate sale date of August 25, 2026.
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Shares From Restricted Stock Vesting
The shares were acquired on August 23, 2026, via restricted stock vesting from the issuer as compensation.
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10b5-1 Plan Adopted March 2025
The sale is being executed under a pre-existing 10b5-1 trading plan adopted on March 13, 2025, indicating the sale was scheduled in advance.
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Follows Sharp Q2 Earnings Decline
The filing comes after Lazard reported Q2 2026 net income fell 91% to $4.8 million and disclosed cutting over 80 managing director roles.
Analysis · LAZ · Finance
CEO Peter Orszag filed a Form 144 to sell 125,000 shares valued at approximately $5.44 million. The shares were acquired via restricted stock vesting on August 23, 2026, and the sale is being executed under a pre-existing 10b5-1 trading plan adopted March 13, 2025. While the sale is pre-planned, the size is notable for a CEO and comes just weeks after Lazard reported a 91% plunge in Q2 net income and disclosed cutting over 80 managing director roles. The sale represents roughly 0.11% of shares outstanding, and the timing — shortly after a sharp earnings decline and major workforce reduction — may draw investor scrutiny despite the 10b5-1 plan structure.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LAZ was trading at $43.79 on NYSE in the Finance sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $38.67 to $58.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.