Lazard CEO Peter Orszag Increases Net Holdings Through Option Exercise and Pre-Planned Sales
LAZ sits 25% above its 52-week low of $31.97.
Summary
Lazard's CEO, Peter Orszag, increased his net shareholdings through option exercises, even as he executed pre-planned sales and tax-related dispositions.
Key Events · Ownership and Investor Activity · LAZ
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CEO Exercises Options
Peter Orszag acquired 138,340 shares of common stock through the exercise of Restricted Participation Units (RPUs) on March 16, 2026, valued at $5,518,383.
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Pre-Planned Open Market Sales
Orszag sold 69,170 shares for a total of $2,819,273.61 on March 17, 2026, under a Rule 10b5-1 trading plan.
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Tax-Related Disposition
An additional 41,502 shares, valued at $1,694,111.64, were disposed of to the issuer on March 16, 2026, to cover estimated taxes related to the RPU exchange.
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Net Increase in Holdings
Despite the sales, the total value of shares acquired ($5,518,383) exceeded the total value of shares sold ($4,513,385), resulting in a net increase in the CEO's direct ownership.
Analysis · LAZ · Finance
Lazard's CEO, Peter Orszag, engaged in a series of transactions that resulted in a net increase in his direct ownership of the company's shares. While he disposed of shares to cover estimated taxes and through pre-planned open market sales, the value of shares acquired through option exercise exceeded the value of shares sold. The open market sales were conducted under a Rule 10b5-1 trading plan, indicating they were pre-scheduled and not a reaction to recent market conditions. This net acquisition by the CEO, despite concurrent sales, suggests a continued commitment to the company.
At the time of this filing, LAZ was trading at $39.89 on NYSE in the Finance sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $31.97 to $58.75. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.