Hamilton Lane grants CFO 22,252 performance shares
Hamilton Lane’s CFO received a new 22,252-share performance stock award while 393 shares were withheld to cover taxes on vesting restricted stock.
Rhea-AI Filing Summary
Hamilton Lane INC (HLNE) reported that Chief Financial Officer Jeffrey Brian Armbrister received a grant of 22,252 shares of performance stock on September 16, 2026, each representing a contingent right to one Class A common share, vesting based on total shareholder return (TSR) performance through September 16, 2031.
On the same date, 393 Class A shares were withheld and delivered to the issuer at $93.03 per share to pay withholding taxes on vesting restricted stock awards, leaving 12,565 Class A shares held directly. He also holds multiple outstanding performance stock awards tied to specified TSR or share-price hurdles with performance periods ending in 2029, 2030, and 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Armbrister Jeffrey Brian
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock F3 | 22,252 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1, F2 | 393 | $93.03 | $37K |
| holding | Performance Stock F4 | -- | -- | -- |
| holding | Performance Stock F5 | -- | -- | -- |
| holding | Performance Stock F6 | -- | -- | -- |
Holdings After Transaction:
Performance Stock — 41,677 contracts for 19,425 underlying shares (Direct);
Class A Common Stock — 12,565 shares (Direct)
Footnotes (6)
- F1. Class A common stock, $0.001 par value per share (the "Class A Shares") delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
- F2. Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- F3. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests at the end of the performance period if the Issuer's Class A Shares achieve a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2031.
- F4. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests upon the Issuer's Class A Shares achieving a specified price per share. The performance period of the performance stock ends on September 16, 2031.
- F5. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests upon the Issuer's Class A Shares achieving a specified price per share. The performance period of the performance stock ends on September 16, 2029.
- F6. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests at the end of the performance period if the Issuer's Class A Shares achieve a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2030.
Key Figures
Performance stock grant: 22,252 shares
Tax-withholding shares: 393 shares
Withholding price per share: $93.03 per share
+5 more
8 metrics
Performance stock grant
22,252 shares
Performance stock award granted September 16, 2026, each tied to one Class A share
Tax-withholding shares
393 shares
Class A shares delivered to issuer to pay withholding taxes on vested restricted stock
Withholding price per share
$93.03 per share
Value used for 393 Class A shares delivered for tax withholding
Class A shares held after transaction
12,565 shares
Direct Class A common stock holdings after September 16, 2026 transaction
Performance stock underlying shares
4,348 shares
Underlying Class A shares for one performance stock award position
Performance stock underlying shares
13,044 shares
Underlying Class A shares for a second performance stock award position
Performance stock underlying shares
2,033 shares
Underlying Class A shares for a third performance stock award position
Performance period end date (new award)
September 16, 2031
Performance period end for the 22,252-share performance stock grant
Key Terms
performance stock, withholding taxes, total shareholder return, performance period, +1 more
5 terms
performance stock financial
"Each share of performance stock represents a contingent right to receive one Class A Share."
withholding taxes financial
"Class A Shares delivered to the issuer for the payment of withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
performance period financial
"The performance period of the performance stock ends on September 16, 2031."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
restricted stock awards financial
"withholding taxes due upon the vesting of previously granted restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did HLNE grant to its CFO on September 16, 2026?
Hamilton Lane granted the CFO 22,252 shares of performance stock, each a contingent right to receive one Class A common share, vesting based on achieving a specified TSR growth rate over a performance period ending September 16, 2031.
What are the vesting conditions for HLNE performance stock granted to the CFO?
Each performance stock share represents a contingent right to one Class A share and vests based on specified TSR growth rates or share-price targets over defined performance periods ending in 2029, 2030, and 2031, depending on the specific award.
Does the Form 4 indicate use of a Rule 10b5-1 trading plan for HLNE?
No. The filing indicates no Rule 10b5-1 trading plan for these reported transactions; the document-level Rule 10b5-1 checkbox is not marked as being under such a plan.
What additional performance stock positions does the HLNE CFO hold?
In addition to the new 22,252-share award, the CFO has outstanding performance stock linked to 4,348, 13,044, and 2,033 underlying Class A shares, each vesting upon meeting specified share-price or TSR performance conditions over their respective performance periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
