Form 4: Houlihan Lokey CFO J Lindsey Alley Reports Acquisition of Class B Common Stock

J Lindsey Alley, CFO of Houlihan Lokey, reports the acquisition of 3,146 shares of Class B Common Stock and a corresponding deposit of shares into the HL Voting Trust.

Summary

• On May 23, 2024, J Lindsey Alley, the CFO of Houlihan Lokey, acquired 3,146 shares of Class B Common Stock.
• These shares were granted pursuant to the company's 2016 Incentive Award Plan and vest in four equal annual installments.
• Alley also deposited 3,146 shares of Class B Common Stock into the HL Voting Trust but retains investment control and dispositive power over these shares.
• Following these transactions, Alley directly owns 3,146 shares of Class A Common Stock and indirectly owns 77,769 shares of Class B Common Stock through the HL Voting Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.

Positives

• The grant of shares under the 2016 Incentive Award Plan aligns the CFO's interests with those of the company and its shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment by aligning management's interests with shareholders.

Key Dates