Form 4: Houlihan Lokey Executive Christopher Crain Reports Acquisition of Class B Common Stock

Christopher Crain, General Counsel of Houlihan Lokey, reports the acquisition of 1,908 shares of Class B Common Stock and a deposit of the same amount into the HL Voting Trust.

Summary

• On May 23, 2024, Christopher Crain, General Counsel of Houlihan Lokey, acquired 1,908 shares of Class B Common Stock.
• These shares were granted pursuant to the company's 2016 Incentive Award Plan and vest in four equal annual installments.
• Crain also deposited 1,908 shares of Class B Common Stock into the HL Voting Trust, while retaining investment control and dispositive power.
• Following these transactions, Crain directly owns 1,908 shares of Class B Common Stock and indirectly owns 54,417 shares through the HL Voting Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with company performance.

Positives

• The grant of shares under the 2016 Incentive Award Plan aligns Crain's interests with those of the company and its shareholders.
• Crain retains investment control over the shares deposited into the HL Voting Trust.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares by a key executive can be viewed positively by shareholders, as it aligns management's interests with the company's performance.

Key Dates