Form 4: Houlihan Lokey CFO J Lindsey Alley Reports Stock Transactions
SEC Form 4 Filing
J Lindsey Alley, CFO of Houlihan Lokey, reports the withholding of shares to cover taxes upon vesting of awards and indirect ownership through the HL Voting Trust.
Summary
- On May 15, 2024, J Lindsey Alley, the Chief Financial Officer of Houlihan Lokey, reported transactions involving the company's stock.
- 2,251 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.
- Alley indirectly owns 74,623 shares of Class A Common Stock through the HL Voting Trust.
- The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.
- Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the reported transaction. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.