Russo Evan L

CEO Evan L Russo sold 75,000 LAZ shares for $4,240,260.00 in two tranches; his track record shows 100.00% well-timed 90d sells across all tickers.

Evan L Russo, CEO of Asset Management at Lazard, executed 2 separate sales totaling 75,000 shares for $4,240,260.00 on September 10–11, reducing his holdings by 24.8% from 302.9K shares to 227.9K shares. His cross-ticker track record spans 5 prior open-market sells with an average 90-day return of -12.2% and a 90-day well-timed rate of 100.00%, indicating a consistent pattern of selling before subsequent declines. At LAZ specifically, his 5 prior trades show an identical pattern: all 5 prior sells registered negative 90-day returns (ranging from -2.5% to -18.8%), confirming disciplined sell-side timing at this ticker. Against this backdrop, the current sale at a blended price of $56.54, occurring with LAZ at $56.69 and up 5.0% over 30 days and 31.4% over 90 days, is noteworthy: the insider is selling into near-52-week highs (-7.1% from the $61.01 ceiling) and following a strong rally, consistent with his historical execution pattern of liquidating before pullbacks rather than during weakness.

CEO Evan L Russo sells 125,000 LAZ shares across 4 transactions for $6.7M, reducing holdings 86.6%

Evan L Russo, CEO of Asset Management at Lazard, Inc., executed 4 separate open-market sales totaling 125,000 shares for $6,740,424.50 (blended average $53.92) between 2025-02-12 and 2025-02-14, reducing his post-transaction holdings to 19,336 shares from 144,336 shares. This -86.6% reduction in his position is material and exceeds typical executive trimming activity. His cross-ticker track record shows 1 prior sell with a 90-day well-timed rate of 100.00%, and his single prior LAZ transaction (2024-03-13 sell) was also well-timed at the 90-day mark. Against this backdrop, the company is trading at $55.24 (near its 52-week high of $61.01) while facing headwinds: annual revenue declined 9.3% year-over-year, net income was negative over the most recent full fiscal year, and the P/E of 24.23 reflects elevated valuation despite deteriorating profitability. The concurrent near-52-week-high prices at which Russo sold align with his demonstrated timing pattern, though the magnitude of this liquidation and the company's negative annual earnings warrant close investor attention.