In 2023, Kenneth M. Jacobs earned $15.01M in total compensation at Lazard, including $862.50K salary, $1.87M bonus and $12.04M in stock. Most recently sold 189,004 shares in Sep 2024. Currently holds stock worth $300.69M. Has donated $31.99M in stock to charitable causes. Has led Lazard for over 16 years.
Compensation History
Annual executive compensation data for Kenneth M. Jacobs, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$15.01M
Salary
$862.50K
Bonus
$1.87M
Other
$245.14K
Salary
$862.50KBoard Justification
The compensation philosophy emphasizes alignment with company performance, retention of key executives, and competitive compensation practices within the financial services industry.
Bonus
$1.87MBoard Justification
The annual cash incentive bonus based on performance metrics for 2023, paid in February 2024.
Other Compensation
$245.14KBoard Justification
Includes health insurance premiums, life insurance, and tax preparation services.
Restricted Stock
Board Justification
The value realized from vested stock awards in 2023, based on the closing price of the stock on the day prior to the vesting date.
Performance Metrics
The performance metrics considered for 2023 compensation included operating revenue, adjusted net income, and total shareholder return.
Kenneth M. Jacobs
CEO of Lazard
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
November 12, 1958 - 67 years ago
CEO of Lazard for
16 years 0 months (Nov 2009 - Present)
Previous Experience
Managing Director of Lazard since 1991, CEO of Lazard North America since 2002
Other Lazard CEOs
Holdings
Track Kenneth M. Jacobs's stock holdings and portfolio value over time.
Total Stock Sold
$44.76M
$44.76M
1,000,000 LAZ shares
What if they kept their stock?
If Kenneth M. Jacobs didn't sell their stock, today they would have:
Extra LAZ1,000,000 shares worth $54.75M.
This is 22.33% and $9.99M more than what they got when they sold the stock.
Charitable Transactions
584,279 shares
LAZ
Recent Charitable Transactions
584,279 shares
LAZ
May 15, 2015
Charity
Insider Trading
Kenneth M. Jacobs's recent stock transactions, purchases, and sales filed with the SEC.
$9.16M
LAZ at $48.47/share
Sep 3, 2024
Sale
$7.15M
LAZ at $50.01/share
Aug 23, 2024
Sale
$15.11M
LAZ at $45.23/share
Jul 16, 2024
Sale
$2.99M
LAZ at $40.19/share
Jul 9, 2024
Sale
$10.51M
LAZ at $40.47/share
May 31, 2024
Sale
584,279 shares
LAZ
May 15, 2015
Charity
584,279 shares
LAZ
May 15, 2015
Charity
Rivals
Compare Kenneth M. Jacobs with competitor CEOs and industry peers.
Ali Dibadj
CEO of Janus Henderson Group
2023 Compensation
Stock
$1.90M
Salary
$725.00K
Bonus
$3.08M
Other
$355.56K
Total Holdings
$606.89K
David M. Solomon
CEO of Goldman Sachs Group
2024 Compensation
Stock
$23.70M
Salary
$2.00M
Bonus
$8.33M
Other
$1.13M
Total Holdings
$80.00M
Kate Pilcher Ciafone
Founder and CEO of Moelis & Company
2023 Compensation
Stock
$0.00
Salary
$400.00K
Bonus
$30.50K
Other
$30.90K
Total Holdings
$852.08K
Jim Cracchiolo
CEO of Ameriprise Financial
2023 Compensation
Stock
$0.00
Salary
$1.25M
Bonus
$8.38M
Other
$0.00
Total Holdings
$56.18M
John S. Weinberg
CEO of Evercore
2023 Compensation
Stock
$0.00
Salary
$500.00K
Bonus
$3.13M
Other
$0.00
Total Holdings
$159.01M
Ronald J. Kruszewski
CEO of Stifel Financial
2023 Compensation
Stock
$0.00
Salary
$200.00K
Bonus
$2.26M
Other
$822.06K
Total Holdings
$123.55M