Peter Richard Orszag sold $2.8M of LAZ
CEO & Chairman at Lazard, Inc.. 69,170 shares at an average of $40.76, traded Mar 17, 2026, filed Mar 18, 2026.
Score components
- +25RoleCEO
- +25Trade size$2.8M at market
- +5Share of holdings soldSold 25% of holdings
- +8Cluster2 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
What happened after comparable sells
Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.
This signal so far: 1m +22.9%, 3m +9.4%, 6m -6.2%.
Price around the trade, and since
From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™
Rows in this filing
Every transaction in Form 4 0001628280-26-019554, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Mar 16, 2026 | MOption exercise Common Stock10b5-1 | +138,340 | - | - | 321,614 | Mar 18, 2026 |
| Mar 16, 2026 | DDisposition to issuer Common Stock10b5-1 | -41,502 | $40.82 | $1.7M | 280,112 | Mar 18, 2026 |
| Mar 17, 2026 | SOpen-market sale Common Stock10b5-1 | -67,170 | $40.73 | $2.7M | 212,942 | Mar 18, 2026 |
| Mar 17, 2026 | SOpen-market sale Common Stock10b5-1 | -2,000 | $41.66 | $83k | 210,942 | Mar 18, 2026 |
| Mar 16, 2026 | MOption exercise Restricted Participation Unitsderivative10b5-1 | -138,340 | - | - | 168,206 | Mar 18, 2026 |
Related signals
Other insiders at Lazard, Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 25Weak | Lazard, Inc. | Peter Richard Orszag CEO & Chairman | $5.4M 125,000 shares | -32% | |
| 35Weak | Lazard, Inc. | Christopher Hogbin CEO Asset Management | $474k 11,829 shares | -50% | |
| 35Weak | Lazard, Inc. | Peter Richard Orszag CEO & Chairman | $1.8M 32,475 shares | -15% | |
| 56Moderate | Lazard, Inc. | Michael Gathy Chief Accounting Officer | $34k 617 shares | -100% | |
| 70Notable | Lazard, Inc. | Evan L Russo CEO of Asset Management | $4.2M 75,000 shares | -25% | |
| 55Moderate | LAZsell Lazard, Inc. | Alexandra Soto Chief Operating Officer | $3.8M 85,894 shares | -43% | |
| 30Weak | Lazard, Inc. | Kenneth M Jacobs Executive Chairman | $9.1M 189,004 shares | -12% | |
| 25Weak | Lazard, Inc. | Kenneth M Jacobs Executive Chairman | $7.2M 142,996 shares | -8% | |
| 30Weak | Lazard, Inc. | Kenneth M Jacobs Executive Chairman | $15M 334,000 shares | -17% | |
| 25Weak | Lazard, Inc. | Kenneth M Jacobs Executive Chairman | $3.0M 74,395 shares | -4% |
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.