Form 4: Houlihan Lokey Executive David A. Preiser Reports Stock Grant and Trust Deposit

David A. Preiser, Co-President of Houlihan Lokey, reports the acquisition of Class B Common Stock and deposit of shares into a voting trust.

Summary

• On May 23, 2024, David A. Preiser, Co-President of Houlihan Lokey, received a grant of 2,458 shares of Class B Common Stock.
• These shares vest in four equal annual installments following the grant date, pursuant to the company's 2016 Incentive Award Plan.
• The reporting person also deposited 2,458 shares of Class B Common Stock into the HL Voting Trust.
• Following these transactions, Preiser directly owns 2,458 shares of Class B Common Stock and indirectly owns 533,056 shares through the HL Voting Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The stock grant suggests confidence in the company, while the trust deposit is a standard financial planning move.

Positives

• The stock grant indicates confidence in the company's future performance, as it incentivizes the executive to contribute to its success.
• The vesting schedule aligns the executive's interests with those of long-term shareholders.

Industry Context

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

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders.
• Transparency is increased through the disclosure of insider transactions.

Key Dates