SIEGERT PAUL ERIC 4
4 · HOULIHAN LOKEY, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Houlihan Lokey Co-Chair Paul Siegert Withholds 9,359 Shares for Taxes
What Happened
Paul Eric Siegert, Co‑Chairman of Houlihan Lokey, had 9,359 Class B shares withheld on May 15, 2026 to cover tax withholding related to vested awards under the Issuer’s 2016 Incentive Award Plan. The shares are recorded at $150.35 each, for a total value of approximately $1,407,126. This was a tax-withholding disposition of derivative shares (code F), not an open‑market sale.
Key Details
- Transaction date: 2026-05-15; filing date (Form 4): 2026-05-19 (timely filed).
- Shares involved: 9,359 Class B Common Stock withheld. Price per share: $150.35; total value ≈ $1,407,126.
- Transaction code: F (shares withheld to satisfy tax liability upon vesting).
- Security: Class B Common Stock (convertible 1:1 into Class A Common Stock; no expiration).
- Ownership after transaction: not specified in the provided filing excerpt.
- Additional note: shares are held in the HL Voting Trust; Siegert retains investment and dispositive power over voting‑trust shares.
Context
This was a standard tax‑withholding event tied to the vesting of awards (not a voluntary open‑market sale). Such withholdings are routine and generally reflect tax obligations rather than an expression of sentiment about the company. The Class B shares are convertible into Class A shares per the company’s IPO registration terms.
Insider Transaction Report
- Tax Payment
CLASS B COMMON STOCK
[F1][F2][F3]2026-05-15$150.35/sh−9,359$1,407,126→ 375,298 total(indirect: By Trust)→ CLASS A COMMON STOCK (9,359 underlying)
Footnotes (3)
- [F1]Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder, upon any transfer, and automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333-205610) concerning the Issuer's initial public offering). The Class B Common Stock has no expiration date.
- [F2]Represents shares withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
- [F3]The shares are held by the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.