Houlihan Lokey insider tax-withholding shares
Houlihan Lokey co-chairman Paul Eric Siegert reported a tax-withholding share disposition through the HL Voting Trust.
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Form Type
4
Rhea-AI Filing Summary
Houlihan Lokey co-chairman Paul Eric Siegert reported a tax-withholding share disposition through the HL Voting Trust. On the vesting of existing awards under the 2016 Incentive Award Plan, 9,359 shares of Class B common stock were withheld at $150.35 per share to cover taxes. Following this, 375,298 Class B shares are held indirectly by the HL Voting Trust, which holds stock that is convertible into Class A common stock on a one-for-one basis with no expiration date.
Insider Trade Summary
Exercise Price or Tax Liability: 9,359 shares
Exercise Price or Tax Liability
1 txn
Insider
SIEGERT PAUL ERIC
Role
CO-CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | CLASS B COMMON STOCK | 9,359 | $150.35 | $1.41M |
Holdings After Transaction:
CLASS B COMMON STOCK — 375,298 contracts (Indirect, BY HL VOTING TRUST)
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.
Key Figures
Tax-withholding shares: 9,359 shares
Price per share: $150.35 per share
Post-transaction holdings: 375,298 shares
+2 more
5 metrics
Tax-withholding shares
9,359 shares
Class B common stock withheld to cover taxes on vesting
Price per share
$150.35 per share
Value used for 9,359 withheld Class B shares
Post-transaction holdings
375,298 shares
Class B common stock held indirectly via HL Voting Trust
Underlying shares
9,359 shares
Underlying Class A common stock related to the transaction
Tax-withholding count
1 transaction
Tax-withholding disposition reported in transaction summary
Key Terms
Class B Common Stock, Class A Common Stock, tax-withholding disposition, HL Voting Trust, +2 more
6 terms
Class B Common Stock financial
"Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"underlying_security_title: "CLASS A COMMON STOCK" and one-for-one conversion from Class B"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the Form 4 transaction"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
HL Voting Trust financial
"The shares are held by the HL Voting Trust (the "Voting Trust")."
2016 Incentive Award Plan financial
"Represents shares withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan."
Final Conversion Date regulatory
"automatically upon the Final Conversion Date as defined in the Issuer's Registration Statement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HLI co-chairman Paul Eric Siegert report?
Paul Eric Siegert reported a tax-withholding disposition of shares. Specifically, 9,359 shares of Class B common stock were withheld to cover taxes upon vesting of awards under Houlihan Lokey's 2016 Incentive Award Plan, rather than being sold on the open market.
What is the relationship between HLI Class B and Class A common stock?
Class B common stock is convertible into Class A common stock one-for-one. The filing states this conversion can occur at the holder's option, upon any transfer, and automatically on a defined Final Conversion Date, and that Class B common stock has no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
