Lazard, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds None. Issuer Repurchases of Equity Securities The following table sets forth information regarding Lazard’s purchases of its common stock on a monthly basis during the first quarter of 2026. Share repurchases are recorded on a trade date basis. Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1 – January 31, 2026 Share Repurchase Program (1) – $ – – $ 109.0 million Employee Tax Withholding Transactions (2) 2,060 $ 51.07 February 1 – February 28, 2026 Share Repurchase Program (1) – $ – – $ 109.0 million Employee Tax Withholding Transactions (2) 1,329,794 $ 52.26 March 1 – March 31, 2026 Share Repurchase Program (1) 41,502 $ 40.82 41,502 $ 107.3 million Employee Tax Withholding Transactions (2) 1,108,874 $ 50.37 Total Share Repurchase Program (1) 41,502 $ 40.82 41,502 $ 107.3 million Employee Tax Withholding Transactions (2) 2,440,728 $ 51.40 ____________________ 68 (1) The Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below as of March 31, 2026. Date Repurchase Authorization Expiration ($ in thousands) July 2024 $ 200,000 December 31, 2026 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. 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. As of March 31, 2026, a total of $107 million of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026. (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. During the three month period ended March 31, 2026, the Company satisfied such obligations in lieu of issuing 2,440,728 shares of common stock upon the settlement of 5,800,265 of RSUs. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.