Lazard Ltd. (LAZ) Insider Trading

Last 12 months

Insiders sold $8.73M and bought nothing on the open market.

All of the selling was scheduled in advance under 10b5-1 plans. The last open-market buy by an executive or director was in Aug 2016.

Net open-market

−$8.73M

0 buys · 3 sales

Under a 10b5-1 plan

100%

of the value sold

Insiders who bought / sold

0 / 2

executives and directors

Last open-market buy

Aug 2016

Aug 2, 2016

Get an email when LAZ's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Aug 25	Peter Richard Orszag CEO & Chairman	Sold10b5-1 plan	125,000	$43.52	$5.44M	32%	Form 4
Mar 18 – 19	Christopher Hogbin CEO Asset Management	Sold10b5-1 plan 2 parts	11,829	$40.04 average	$474k	50%	Form 4
Mar 17	Peter Richard Orszag CEO & Chairman	Sold10b5-1 plan 2 parts	69,170	$40.76 average	$2.82M	25%	Form 4
Sep 16, 2025	Peter Richard Orszag CEO & Chairman	Sold10b5-1 plan	32,475	$54.09	$1.76M	15%	Form 4
Sep 10, 2025 – Sep 11, 2025	Evan L Russo CEO of Asset Management	SoldNo plan 2 parts	75,000	$56.54 average	$4.24M	25%	Form 4
Sep 10, 2025	Michael Gathy Chief Accounting Officer	SoldNo plan	617	$55.37	$34k	100%	Form 4
Jun 11, 2025	Alexandra Soto Chief Operating Officer	SoldNo plan	85,894	$43.81	$3.76M	43%	Form 4
Mar 14, 2025 – Mar 17, 2025	Peter Richard Orszag CEO & Chairman	Sold10b5-1 plan 4 parts	129,078	$45.40 average	$5.86M	43%	Form 4
Feb 12, 2025 – Feb 14, 2025	Evan L Russo CEO of Asset Management	SoldNo plan 4 parts	125,000	$53.92 average	$6.74M	41%	Form 4

Aug 2510b5-1 plan
Peter Richard Orszag
CEO & Chairman · sold 125,000 at $43.52
$5.44M
32% of stake
Mar 18 – 1910b5-1 plan
Christopher Hogbin
CEO Asset Management · sold 11,829 at avg $40.04
$474k
50% of stake
Mar 1710b5-1 plan
Peter Richard Orszag
CEO & Chairman · sold 69,170 at avg $40.76
$2.82M
25% of stake
Sep 16, 202510b5-1 plan
Peter Richard Orszag
CEO & Chairman · sold 32,475 at $54.09
$1.76M
15% of stake
Sep 10, 2025 – Sep 11, 2025No plan
Evan L Russo
CEO of Asset Management · sold 75,000 at avg $56.54
$4.24M
25% of stake
Sep 10, 2025No plan
Michael Gathy
Chief Accounting Officer · sold 617 at $55.37
$34k
100% of stake
Jun 11, 2025No plan
Alexandra Soto
Chief Operating Officer · sold 85,894 at $43.81
$3.76M
43% of stake
Mar 14, 2025 – Mar 17, 202510b5-1 plan
Peter Richard Orszag
CEO & Chairman · sold 129,078 at avg $45.40
$5.86M
43% of stake
Feb 12, 2025 – Feb 14, 2025No plan
Evan L Russo
CEO of Asset Management · sold 125,000 at avg $53.92
$6.74M
41% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch LAZ, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Spot a number that looks wrong? Check it in LAZ's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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