Hamilton Lane COO uses 1,212 shares for taxes
Hamilton Lane Inc. Chief Operating Officer Andrea Anigati Kramer delivered 1,212 shares of Class A common stock at $96.85 per share to the company to pay withholding taxes due on vesting of previously granted restricted stock awards.
Rhea-AI Filing Summary
Hamilton Lane Inc. Chief Operating Officer Andrea Anigati Kramer delivered 1,212 shares of Class A common stock at $96.85 per share to the company to pay withholding taxes due on vesting of previously granted restricted stock awards. This is a tax-withholding disposition, not an open‑market sale.
After this transaction, she holds 64,549 Class A shares directly. She also has performance stock awards, each representing a contingent right to one Class A share, with performance periods ending on September 16, 2029, September 16, 2030, and September 16, 2031. Additional indirect interests include Class B and Class C units exchangeable one‑for‑one into Class A shares and Class A shares held through an IRA trust and HL Management Investors, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,212 shares
Exercise Price or Tax Liability
8 txns
Insider
Kramer Andrea Anigati
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,212 | $96.85 | $117K |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class C Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 64,549 shares (Direct);
Performance Stock — 20,512 contracts (Direct);
Class B Units — 135,970 contracts (Indirect, See footnote);
Class C Units — 195,317 contracts (Indirect, See footnote);
Class A Common Stock — 17,913 shares (Indirect, See footnote.);
Class B Common Stock — 135,970 shares (Direct)
Footnotes (9)
- F1. 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. The securities reported in this row are owned by The Andrea Anigati IRA Equity Trust Company, d.b.a. Sterling Trust, Custodian FBO Andrea Anigati IRA. Ms. Anigati Kramer serves as the trustee of this trust.
- F4. The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.
- F5. Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2031.
- F6. Each share of performance stock represents a contingent right to receive one share of Class A common stock of the Issuer. The performance stock vests at the end of the performance period if the Issuer's Class A common stock achieves a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2030.
- F7. Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2029.
- F8. Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.
- F9. Held on behalf of the reporting person by HL Management Investors, LLC.
FAQ
What did Hamilton Lane (HLNE) COO Andrea Anigati Kramer report in this Form 4?
Andrea Anigati Kramer reported delivering 1,212 Class A shares of Hamilton Lane to the company at $96.85 per share. The shares were used to cover withholding taxes due on the vesting of previously granted restricted stock awards, not an open-market sale.
What are the key terms of Hamilton Lane performance stock held by the COO?
Each Hamilton Lane performance stock award represents a contingent right to one Class A share. Vesting depends on achieving specified stock price or total shareholder return goals, with performance periods ending on September 16, 2029, September 16, 2030, and September 16, 2031 respectively.
How does Hamilton Lane’s Class B common stock held by the COO function economically and in voting?
The Class B common stock carries no economic value beyond par value upon liquidation or exchange, but provides ten votes per share on stockholder matters. It is tied to Class B units, which can be exchanged for Class A shares or cash under an Exchange Agreement.
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