Form 4: Houlihan Lokey Executive Scott Adelson Receives Stock Grant

Scott Adelson, Co-President of Houlihan Lokey, received a grant of 6,701 shares of Class B Common Stock and deposited 6,701 shares into the HL Voting Trust.

Summary

• On May 23, 2024, Scott Adelson, Co-President of Houlihan Lokey, received 6,701 shares of Class B Common Stock as part of the company's 2016 Incentive Award Plan.
• These shares vest in four equal annual installments following the grant date.
• Adelson also deposited 6,701 shares of Class B Common Stock into the HL Voting Trust, while retaining investment control and dispositive power.
• Following these transactions, Adelson directly owns 6,701 shares of Class A Common Stock and indirectly owns 876,585 shares through the HL Voting Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine executive compensation event, which is generally viewed as a positive sign of alignment between management and shareholders.

Positives

• The stock grant aligns Adelson's interests with those of the company and its shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

Not applicable, as this is a report of insider transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and ownership structure of Houlihan Lokey's executives.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment, as it aligns the executive's interests with those of the shareholders.
• Employees may view the stock grant as a positive sign of the company's commitment to its executives.

Key Dates