Form 4: Houlihan Lokey CEO Scott Beiser Reports Stock Transactions
SEC Form 4 Filing
Scott Beiser, CEO of Houlihan Lokey, reports the disposal of Class A Common Stock to cover taxes upon the vesting of existing awards.
Summary
- On May 15, 2024, Scott L. Beiser, CEO of Houlihan Lokey, disposed of 8,181 shares of Class A Common Stock.
- The shares were withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
- Following the transaction, Beiser indirectly owns 845,380 shares of Class A Common Stock through the HL Voting Trust.
- Beiser is a trustee of the HL Voting Trust and has shared voting control and investment control over the shares held in the trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (disposal of shares) |
| 05/17/2024 | Date of signature for the Form 4 filing |
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