Form 4: Houlihan Lokey Co-President Scott Adelson Reports Stock Transactions
SEC Form 4 Filing
Scott Adelson, Co-President of Houlihan Lokey, reports the withholding of shares to cover taxes upon the vesting of existing awards.
Summary
- On May 15, 2024, Scott Adelson, Co-President of Houlihan Lokey, reported transactions related to the company's stock.
- 15,035 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.
- Following the transaction, Adelson indirectly owns 869,884 shares of Class A Common Stock through the HL Voting Trust.
- Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices related to stock awards and tax obligations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to the vesting of existing awards and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the reported transaction (withholding of shares for tax purposes). |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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