As of December 31, 2023, Peter R. Orszag holds substantial equity interests at Lazard, with 358,092 shares in profits interest participation rights (PIPRs) and restricted stock valued at approximately $12.46 million, alongside 598,857 shares in performance-based units that could be...
As of December 31, 2023, Peter R. Orszag holds substantial equity interests at Lazard, with 358,092 shares in profits interest participation rights (PIPRs) and restricted stock valued at approximately $12.46 million, alongside 598,857 shares in performance-based units that could be worth around $20.84 million if his performance metrics are met. His total holdings reflect a substantial investment in the company, emphasizing his alignment with shareholder interests. In recent years, he had seen considerable fluctuations in his equity wealth, closely tied to the company’s stock performance. Notably, as he stepped into his CEO role, the total value of his holdings has seen growth potential reflecting a $33.9 million aggregate accounting fair value based on expected performance at Lazard. This scenario presents a narrative of his growing commitment and confidence in the firm's trajectory amid market challenges.