1 unchanged sentence
Issuer Repurchases of Equity Securities
−Removed: The following table sets forth information regarding Lazard’s purchases of its common stock on a monthly basis during the first quarter of 2025.
+Added: The following table sets forth information regarding Lazard’s purchases of its common stock on a monthly basis during the second quarter of 2025.
Share repurchases are recorded on a trade date basis.
6 unchanged sentences
Under the Plans or
−Removed: January 1 – January 31, 2025
+Added: April 1 – April 30, 2025
Share Repurchase Program (1) – $ – – $ 163.8 million
−Removed: Employee Transactions (2) 2,169 $ 49.76 – –
−Removed: February 1 – February 28, 2025
+Added: Employee Tax Withholding
+Added: Transactions (2) 8,041 $ 41.51 – –
+Added: May 1 – May 31, 2025
Share Repurchase Program (1) – $ – – $ 163.8 million
−Removed: Employee Transactions (2) 901,084 $ 53.97 – –
−Removed: March 1 – March 31, 2025
+Added: Employee Tax Withholding
+Added: Transactions (2) 1,539 $ 44.27 – –
+Added: June 1 – June 30, 2025
Share Repurchase Program (1) 85,894 $ 43.81 85,894 $ 160.1 million
−Removed: Employee Transactions (2) 902,215 $ 49.92 – –
+Added: Employee Tax Withholding
+Added: Transactions (2) 205,502 $ 42.98 – –
Share Repurchase Program (1) 85,894 $ 43.81 85,894 $ 160.1 million
−Removed: Employee Transactions (2) 1,805,468 $ 51.94 – –
+Added: Employee Tax Withholding
+Added: Transactions (2) 215,082 $ 42.93 – –
_______________________
−Removed: (1) The Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below as of March 31, 2025.
+Added: (1) The Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below as of June 30, 2025.
Date Repurchase
3 unchanged sentences
The Company’s purchases under the share repurchase program over time are used to offset dilution from the shares that have been or will be issued under the 2018 Plan, as amended.
−Removed: Purchases under the share repurchase program may be made in the open market or through privately negotiated transactions.
+Added: Purchases under the share repurchase program may be made in the open market or through privately negotiated transactions, including those with employees.
The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors.
Amounts shown in this line item include repurchases of common stock and exclude the shares of common stock withheld by the Company to meet the minimum statutory tax withholding requirements as described below.
−Removed: As of March 31, 2025, a total of $164 million of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.
−Removed: (2) Under the terms of the 2018 Plan, upon the settlement of RSUs and PRSUs, shares of common stock may be withheld by the Company to meet the minimum statutory tax withholding requirements.
−Removed: During the three month period ended March 31, 2025, the Company satisfied such obligations in lieu of issuing 1,805,468 shares of common stock upon the settlement of 4,279,900 of RSUs.
+Added: As of June 30, 2025, a total of $160 million of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.
+Added: (2) Under the terms of the 2018 Plan, upon the settlement of RSUs, shares of common stock may be withheld by the Company to meet the minimum statutory tax withholding requirements.
+Added: During the three month period ended June 30, 2025, the Company satisfied such obligations in lieu of issuing 215,082 shares of common stock upon the settlement of 436,328 of RSUs.
Defaults Upon Senior Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.