Form 4: Houlihan Lokey Director Todd J. Carter Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Todd J. Carter reports acquisition and disposal of Houlihan Lokey Class B Common Stock, including shares deposited into the HL Voting Trust.
Summary
- On May 23, 2024, Todd J. Carter, a director of Houlihan Lokey, Inc. reported changes in beneficial ownership of the company's stock.
- Carter acquired 11,188 shares of Class B Common Stock.
- These shares were granted on May 24, 2023, and vest in four equal annual installments.
- Carter also disposed of 11,188 shares of Class B Common Stock by depositing them into the HL Voting Trust.
- Following these transactions, Carter directly owns 11,188 shares of Class A Common Stock and indirectly owns 101,489 shares of Class B Common Stock through the HL Voting Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/24/2023 | Date the Issuer granted 11,188 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan. |
| 05/23/2024 | Date of transaction: acquisition and disposal of Class B Common Stock. |
| 05/28/2024 | Date of signature for 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.