Form 4: Irwin Gold Reports Changes in Beneficial Ownership of Houlihan Lokey, Inc. Stock

Irwin Gold, Executive Chairman of Houlihan Lokey, Inc., reports acquisition and disposal of Class B Common Stock, along with holdings in the HL Voting Trust.

Summary

• On May 23, 2024, Irwin Gold, Executive Chairman of Houlihan Lokey, Inc., reported changes in beneficial ownership.
• He acquired 5,176 shares of Class B Common Stock granted by the issuer under the 2016 Incentive Award Plan, vesting in four equal annual installments.
• Concurrently, 5,176 shares of Class B Common Stock were deposited into the HL Voting Trust, of which Gold is a trustee.
• Following these transactions, Gold directly owns 5,176 shares of Class A Common Stock and indirectly owns 1,109,315 shares of Class B Common Stock through the HL Voting Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider ownership transparency, which are generally viewed favorably.

Positives

• The grant of 5,176 shares of Class B Common Stock to Irwin Gold indicates continued alignment of executive interests with shareholder value through the 2016 Incentive Award Plan.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and ownership structure.
• Employees may view the stock grant as a positive sign of company performance and executive alignment.

Key Dates