Form 4: Director Todd J. Carter Reports Changes in Beneficial Ownership of Houlihan Lokey, Inc. (HLI) Stock
SEC Form 4 Filing
Todd J. Carter, a director of Houlihan Lokey, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock due to tax withholding upon vesting of existing awards.
Summary
- On May 15, 2024, Todd J. Carter, a director of Houlihan Lokey, Inc. (HLI), reported a transaction involving Class B Common Stock.
- 13,107 shares of Class B Common Stock were withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
- Following the transaction, Carter beneficially owns 90,301 shares of Class A Common Stock indirectly through the HL Voting Trust.
- Carter retains investment control and dispositive power over the shares deposited into the Voting Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to tax obligations arising from the vesting of existing awards.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction involving Class B Common Stock. |
| 05/17/2024 | Date of signature by J. Lindsey Alley, Attorney-in-Fact for Todd J. Carter. |
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