{
  "id": 3646333,
  "title": "Lazard CEO & chairman Peter Orszag sells $5.44m in company stock",
  "url": "https://urgent.news/2026/08/27/lazard-ceo-chairman-peter-orszag-sells-5-44m-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T02:31:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/lazard-ceo--chairman-peter-orszag-sells-544m-in-company-stock-93CH-4878278"
  },
  "original_language": "en",
  "account": "Lazard CEO and Chairman Peter Orszag sold 125,000 shares of the company's common stock for approximately $5.44 million on August 25, 2026. The transaction occurred under a Rule 10b5-1 trading plan that Orszag established in March 2025 to handle estimated taxes and personal expenses. The shares were sold at an average price of $43.5203, with individual trades ranging from $43.14 to $43.93. Prior to the sale, Orszag bought 250,000 shares of Lazard common stock on August 24, 2026, using Stock Price Profits Interest Participation Rights (SP-PIPRs) that he earned upon satisfying service and other conditions. This purchase was followed by a sale of 75,000 shares to Lazard, Inc. to cover tax obligations related to the SP-PIPR exchange. After these transactions, Orszag directly holds 260,942 shares of Lazard common stock, along with 1,000,000 unvested SP-PIPRs. Upon vesting, 500,000 of these SP-PIPRs will be exchanged for shares around August 23, 2028, and another 500,000 by August 23, 2030, contingent on continued service and a stock price milestone. Lazard reported its second-quarter 2026 financial results, with adjusted net revenue of $786 million, exceeding Wall Street's estimate of $744.98 million. This growth was attributed to stronger advisory activity and solid asset management results. Despite falling short of adjusted earnings per share forecasts at $0.12, which were lower than the $0.36 forecast, Lazard's Market Outperform rating was maintained by Citizens, with a $60 price target.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Openlane CEO Peter Kelly buys $499,998 in company stock",
        "url": "https://urgent.news/2026/08/26/openlane-ceo-peter-kelly-buys-499-998-in-company-stock",
        "published": "2026-08-26T23:16:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}