Houlihan Lokey co-chair gets 19,815 share grant
Houlihan Lokey co-chairman Paul Eric Siegert received a grant of 19,815 shares of Class B Common Stock under the company’s 2016 Incentive Award Plan.
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Form Type
4
Rhea-AI Filing Summary
Houlihan Lokey co-chairman Paul Eric Siegert received a grant of 19,815 shares of Class B Common Stock under the company’s 2016 Incentive Award Plan. These shares vest in four equal annual installments following the grant date.
The same 19,815 Class B shares are associated with underlying Class A Common Stock on a one-for-one conversion basis and have no expiration date. Following related voting trust transactions, Siegert holds 395,113 Class B shares indirectly through the HL Voting Trust, while 19,815 Class B shares are held directly.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIEGERT PAUL ERIC
Role
CO-CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | CLASS B COMMON STOCK | 19,815 | $0.00 | $0.00 |
| Voting Trust | CLASS B COMMON STOCK | 19,815 | $0.00 | $0.00 |
Holdings After Transaction:
CLASS B COMMON STOCK — 19,815 contracts (Direct);
CLASS B COMMON STOCK — 395,113 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. 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.
Key Figures
Equity grant size: 19,815 shares
Indirect Class B holdings: 395,113 shares
Direct Class B holdings: 19,815 shares
+3 more
6 metrics
Equity grant size
19,815 shares
Class B Common Stock grant to co-chairman on May 21, 2026
Indirect Class B holdings
395,113 shares
Class B Common Stock held indirectly through HL Voting Trust after transactions
Direct Class B holdings
19,815 shares
Class B Common Stock held directly after grant
Conversion ratio
1 Class B : 1 Class A
Class B Common Stock convertible into Class A Common Stock
Vesting schedule
4 annual installments
Grant vests in four equal annual installments following grant date
Restructuring shares
19,815 shares
Shares deposited into HL Voting Trust in voting trust transaction
Key Terms
Class B Common Stock, voting trust, 2016 Incentive Award Plan, Final Conversion Date, +1 more
5 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.
voting trust financial
"Represents shares of Class B Common Stock deposited into the HL Voting Trust (the "Voting Trust")."
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
2016 Incentive Award Plan financial
"the Issuer granted 19,815 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan"
Final Conversion Date financial
"automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1)"
dispositive power financial
"The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award did Houlihan Lokey (HLI) grant to Paul Eric Siegert?
Houlihan Lokey granted Paul Eric Siegert 19,815 shares of Class B Common Stock. The award was made under the 2016 Incentive Award Plan and vests in four equal annual installments following the grant date, aligning his compensation more closely with shareholder equity performance.
What are Paul Eric Siegert’s holdings after this Houlihan Lokey (HLI) Form 4?
After these transactions, Paul Eric Siegert holds 395,113 Class B shares indirectly through the HL Voting Trust and 19,815 Class B shares directly. The trust structure centralizes voting while he retains investment control and dispositive power over the deposited shares.
Does the Houlihan Lokey (HLI) Class B stock grant have an expiration date?
The Class B Common Stock has no expiration date according to the disclosure. These shares remain outstanding until converted into Class A Common Stock or otherwise disposed, and they carry the right to convert on a one-for-one basis under specified conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
