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 second 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 April 1 – April 30, 2026 Share Repurchase Program (1) – $ – – $ 107.3 million Employee Tax Withholding Transactions (2) – $ – May 1 – May 31, 2026 Share Repurchase Program (1) – $ – – $ 107.3 million Employee Tax Withholding Transactions (2) 3,160 $ 45.36 June 1 – June 30, 2026 Share Repurchase Program (1) 1,139,083 $ 43.89 1,139,083 $ 57.3 million Employee Tax Withholding Transactions (2) 80,235 $ 47.84 Total Share Repurchase Program (1) 1,139,083 $ 43.89 1,139,083 $ 57.3 million Employee Tax Withholding Transactions (2) 83,395 $ 47.74 ____________________ 75 (1) The Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below as of June 30, 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 June 30, 2026, a total of $57 million of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026. On July 22, 2026, the Board of Directors authorized additional share repurchases of $200 million, which expire as of December 31, 2028, bringing the total outstanding share repurchase authorization to approximately $257 million. (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 June 30, 2026, the Company satisfied such obligations in lieu of issuing 83,395 shares of common stock upon the settlement of 235,365 of RSUs. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.