Form 4: Houlihan Lokey Co-Chairman Receives Equity Grant

Co-Chairman Paul Eric Siegert was granted 19,815 shares of Class B Common Stock under the company's 2016 Incentive Award Plan.

Summary

• Paul Eric Siegert, Co-Chairman of Houlihan Lokey, Inc., received a grant of 19,815 shares of Class B Common Stock on May 21, 2026.
• The shares were issued under the company's 2016 Incentive Award Plan.
• The grant is subject to a vesting schedule consisting of four equal annual installments.
• The shares are convertible into Class A Common Stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in terms of immediate market impact.

Positives

• Alignment of executive interests with long-term shareholder value through equity-based compensation.
• Retention of key leadership personnel via multi-year vesting schedules.

Negatives

• Potential for future dilution of Class A Common Stock upon conversion of Class B shares.

Risks

• Market volatility affecting the value of equity-based compensation.
• Regulatory or legal changes impacting the conversion rights of Class B shares.

Future Outlook

The granted shares will vest in four equal annual installments, indicating a long-term retention strategy for the Co-Chairman.

Management Comments

• The transaction was executed pursuant to the company's 2016 Incentive Award Plan.

Industry Context

StockSavvy.ai notes that equity grants to senior executives are standard practice in the investment banking sector to ensure leadership alignment with firm performance and long-term stability.

Comparison to Industry Standards

• The use of multi-year vesting schedules for executive equity is consistent with industry best practices for public financial services firms.
• The structure of Class B shares with conversion rights is a common mechanism in firms with dual-class share structures to maintain voting control while providing economic participation.

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual conversion of these shares to Class A Common Stock.

Next Steps

• Vesting of the 19,815 shares in four equal annual installments.

Key Dates

Keywords

Houlihan Lokey, HLI, Insider Trading, Equity Compensation, Form 4, Corporate Governance