SIEGERT PAUL ERIC 4
4 · HOULIHAN LOKEY, INC. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Houlihan Lokey (HLI) Co-Chairman Paul Siegert Receives Award
What Happened
Paul Siegert, Co-Chairman of Houlihan Lokey (HLI), received a grant of 19,815 shares of Class B Common Stock on May 21, 2026. The shares were granted at $0.00 (reported value $0) under the company's 2016 Incentive Award Plan and were simultaneously deposited into the HL Voting Trust (reported as a disposition). The award vests in four equal annual installments following the grant date. The filing treats these as derivative-class shares.
Key Details
- Transaction date: 2026-05-21 (grant and deposit into voting trust); Form 4 filed 2026-05-22.
- Amount: 19,815 shares of Class B Common Stock granted at $0.00 (value $0).
- Reported disposition: same 19,815 shares deposited into the HL Voting Trust.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes:
- Class B shares are convertible one-for-one into Class A on transfer or on the Final Conversion Date (per S-1).
- Grant vests in four equal annual installments (2016 Incentive Award Plan).
- Shares deposited into the Voting Trust — the reporting person retains investment control and dispositive power over those shares.
- Filing timeliness: Form 4 was filed the day after the transactions (no late-filing flag shown).
Context
This was a compensation award (not a market purchase or sale), so it reflects executive compensation rather than a direct market bet. The deposit into the voting trust is reported as a disposition for reporting purposes, but the filer retains investment control and dispositive power per the filing notes. Class B shares are convertible into Class A on a one-for-one basis under the issuer’s terms.
Insider Transaction Report
- Award
CLASS B COMMON STOCK
[F1][F2]2026-05-21+19,815→ 19,815 total→ CLASS A COMMON STOCK (19,815 underlying) - Deposit Into/Withdrawal From Voting Trust
CLASS B COMMON STOCK
[F1][F3]2026-05-21−19,815→ 395,113 total(indirect: By Trust)→ CLASS A COMMON STOCK (19,815 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]On May 21, 2026, the Issuer granted 19,815 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date.
- [F3]Represents shares of Class B Common Stock deposited into the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.