Form 4: Houlihan Lokey Co-Chairman Paul Eric Siegert Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul Eric Siegert, Co-Chairman of Houlihan Lokey, reports a charitable donation and conversion of Class B Common Stock into Class A Common Stock.
Summary
- On August 19, 2024, Paul Eric Siegert, Co-Chairman of Houlihan Lokey, filed a Form 4 to report changes in beneficial ownership.
- The reported transactions include the conversion of 675 shares of Class B Common Stock into Class A Common Stock.
- Siegert also made a charitable donation of 675 shares of Class A Common Stock.
- Following these transactions, Siegert directly owns 0 shares of Class A Common Stock and indirectly owns 413,602 shares through the HL Voting Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A Common Stock.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of Class B to Class A Common Stock conversion and charitable donation of Class A Common Stock. |
| 08/20/2024 | 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.