Form 4: Houlihan Lokey Co-President David A. Preiser Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David A. Preiser, Co-President of Houlihan Lokey, reports a transaction involving Class B Common Stock related to tax obligations upon vesting of existing awards.
Summary
- On May 15, 2024, David A. Preiser, Co-President of Houlihan Lokey, reported a transaction involving the withholding of 3,868 shares of Class B Common Stock to cover taxes.
- This withholding occurred upon the vesting of existing awards under Houlihan Lokey's 2016 Incentive Award Plan.
- Following the transaction, Preiser indirectly owns 530,598 shares of Class A Common Stock through the HL Voting Trust.
- Preiser retains investment control and dispositive power over these shares held in the Voting Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: withholding of Class B Common Stock for tax obligations. |
| 05/17/2024 | Date of report signature. |
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