Form 4: Director Todd J. Carter Reports Changes in Beneficial Ownership of Houlihan Lokey, Inc. (HLI) Stock

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, 2025, Todd J. Carter, a director of Houlihan Lokey, Inc. (HLI), reported changes in his beneficial ownership of the company's stock.
• The changes involve the withholding of 14,229 shares of Class B Common Stock to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
• Carter also indirectly owns 87,260 shares of Class A Common Stock through the HL Voting Trust, over which he retains investment control and dispositive power.
• Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the holder's option, upon any transfer, and automatically upon the Final Conversion Date as defined in the Issuer's Registration Statement.
• The price per share for the transaction is $180.09.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which is common among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal equity compensation adjustments.

Key Dates

Keywords

Form 4, Houlihan Lokey, HLI, Beneficial Ownership, Director, Stock, Todd J. Carter, Class B Common Stock, Class A Common Stock, HL Voting Trust, Tax Withholding, Vesting, Incentive Award Plan