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Asset Management

Lazard Executive Compensation (FY25)

LAZ · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Peter Orszag
Median of the other named officers
$6,564,870
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 22, 2026
15 filings cited on this page
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220 figures on this page: 209 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Lazard

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Orszag: $11,395,756 → $13,723,452 (20.4% higher)
CEO pay ratio: 48:1 → 55:1 (14.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Lazard's chief executive and what were they paid?
Total compensation for Peter Orszag, Chief Executive Officer and Chairman, came to $13,723,452 in fiscal 2025. Compared with the $11,395,756 reported for fiscal 2024, Orszag's total was 20.4% higher.
What was Lazard's say-on-pay result?
Shareholders recorded 94.5% support for the say-on-pay proposal at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Lazard's peer group?
The disclosed peer group names Affiliated Managers Group Inc., Artisan Partners Asset Management, Inc., Blackstone Group LP, Cohen & Steers, Inc. and Evercore Partners Inc., among others.
What is Lazard's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 55:1, against median employee compensation of $251,486.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Orszag
CEO and Chairman
◇◇◇———◇◇
Mary Betsch
Chief Financial Officer
◇◇————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Orszag
CEO and Chairman
◇◇◇———◇◇
Evan Russo
Chief Executive Officer of Asset Management
◇◇◇———◇◇
Scott Hoffman
Chief Administrative Officer and General Counsel
◇—◇——◇◇◇
Kenneth Jacobs
Executive Chairman
◇◇◇——◇◇◇
Alexandra Soto
Chief Operating Officer
◇◇◇———◇◇
Mary Betsch
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Orszag
CEO and Chairman
◇◇◇———◇◇
Kenneth Jacobs
former Executive Chairman
Departed during or after this year
◇◇◇———◇◇
Evan Russo
Chief Executive Officer of Asset Management
◇◇◇———◇◇
Alexandra Soto
Chief Operating Officer
◇◇◇———◇◇
Mary Betsch
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Hogbin
Chief Executive Officer of Lazard Asset Management
◇—◇———◇◇
Peter Orszag
Chief Executive Officer and Chairman
◇◇◇———◇◇
Alexandra Soto
Chief Operating Officer
◇◇◇———◇◇
Mary Betsch
Chief Financial Officer
◇◇◇———◇◇
Evan Russo
Former Chief Executive Officer of Lazard Asset Management
Departed during or after this year
◇◇————◇◇
Christian Weideman
General Counsel
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alexandra SotoRSU◇——◇——◇
Christian A. WeidemanRSU◇——◇——◇
Christopher HogbinRSU◇——◇——◇
Evan L. RussoRSU◇——◇——◇
Mary Ann BetschRSU◇——◇——◇
Peter R. OrszagRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Peter OrszagRSU◇◇——
RSU◇◇——
Christopher HogbinRSU◇◇——
Evan RussoRSU◇◇——
RSU◇◇——
Alexandra SotoRSU◇◇——
Mary BetschRSU◇◇——
Christian WeidemanRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Alexandra Soto
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Christian Weideman
General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Non-compete period◇
Non-solicit period◇
Christopher Hogbin
Chief Executive Officer of Lazard Asset Management · Severance agreement
Severance multiple◇
Mary Betsch
Chief Financial Officer · Severance agreement
Severance multiple◇
Peter Orszag
Chief Executive Officer and Chairman · Terms as described in the company’s compensation discussion
Severance multiple◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dan Schulman
Lead independent director
◇◇————◇
Stephen R. Howe Jr
◇◇————◇
Andrew M. Alper
◇◇————◇
Peter Harrison
◇◇————◇
Iris Knobloch
◇◇————◇
Ann-Kristin Achleitner
◇◇————◇
Michelle Jarrard
◇◇————◇
Dmitry Shevelenko
◇◇————◇
Jane L. Mendillo
◇—————◇
Peter R. Orszag served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as deferred stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Affiliated Managers Group Inc. AMG
  • Artisan Partners Asset Management, Inc. APAM
  • Blackstone Group LP BX
  • Cohen & Steers, Inc. CNS
  • Evercore Partners Inc. EVR
  • Federated Hermes, Inc. FHI
  • Franklin Resources, Inc. BEN
  • Houlihan Lokey Inc. HLI
  • Invesco Ltd IVZ
  • Janus Henderson Group PLC JHG
  • Jefferies Financial Group Inc. JEF
  • Manning & Napier, Inc. MN
  • Moelis & Co. MC
  • Perella Weinberg Partners PWP
  • Piper Sandler Companies PIPR
  • PJT Partners Inc. PJT
  • Raymond James Financial, Inc. RJF
  • Silvercrest Asset Management Group Inc. SAMG
  • Stifel Financial Corp. SF
  • T. Rowe Price Group Inc. TROW
  • Virtus Investment Partners, Inc. VRTS
  • WisdomTree Investments, Inc. WT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 28, 2020=◇◇◇
2018April 23, 2019=◇◇◇
2017April 24, 2018=◇◇◇
2016April 25, 2017=◇◇◇
2015April 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Peter Orszag (Chief Executive Officer and Chairman), FY2025 total compensation $13,723,452 (base salary $900,000) [exec_comp, SEC accession 0001628280-26-024088, filed 2026-04-07]

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What this page does not include

Everything above is a fact Lazard disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lazard sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 209 cited to the filing that reported them, 11 calculated from figures it prints.
209 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-037801
  2. 0001628280-26-024088
    2025 Grants of Plan-Based Awards Table · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · CEO Pay Ratio · and 4 more sections
  3. 0001628280-25-025201
  4. 0001140361-25-010240
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0001628280-24-022903
  6. 0001140361-24-014617
    Summary Compensation Table
  7. 0000950157-23-000427
  8. 0001193125-23-076766
    Summary Compensation Table
  9. 0000950157-22-000611
  10. 0001193125-21-142448
  11. 0001193125-20-127582
  12. 0001193125-19-117955
  13. 0001193125-18-132804
  14. 0001193125-17-140875
  15. 0001193125-16-549150
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lazard executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LAZ (accessed 2026).
Short form: data: Velarion

The paid brief for Lazard

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Lazard discloses

The companies named in LAZ's own disclosed peer group.

Affiliated Managers Group Inc.Artisan Partners Asset Management, Inc.Blackstone Group LPCohen & Steers, Inc.Evercore Partners Inc.Federated Hermes, Inc.Franklin Resources, Inc.Houlihan Lokey Inc.Invesco LtdJanus Henderson Group PLCJefferies Financial Group Inc.Moelis & Co.Perella Weinberg PartnersPiper Sandler CompaniesPJT Partners Inc.Raymond James Financial, Inc.Silvercrest Asset Management Group Inc.Stifel Financial Corp.T. Rowe Price Group Inc.Virtus Investment Partners, Inc.WisdomTree Investments, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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