Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 127

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 127
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 as otherwise stated)

The following table summarizes the activity of our RSUs for the years ended March 31, 2025, 2024, and 2023, respectively.Restricted Stock UnitsRSUsWeighted Average Grant Date Fair ValueRSUs as of April 1, 20221,038,503 $95.27 Issued50,556 84.55 Forfeitures(14,275)96.82 Vested(24,138)63.75 RSUs as of March 31, 20231,050,646 95.46 Issued94,286 87.60 Forfeitures(266,883)94.38 Vested(34,319)91.07 RSUs as of March 31, 2024843,730 95.09 Issued136,559 155.37 Forfeitures(28,396)94.99 Vested(274,880)94.77 RSUs as of March 31, 2025677,013 $107.39 Compensation expenses for the Company associated with both equity-classified and liability-classified awards totaled $168,443, $166,595, and $156,936 for the years ended March 31, 2025, 2024, and 2023, respectively. As of March 31, 2025 and March 31, 2024 there was $303,520 and $298,100, respectively, of total unrecognized compensation cost related to unvested share awards granted under the 2016 Incentive Plan. These costs are recognized over a weighted average period of 1.8 years and 2.9 years, as of March 31, 2025 and March 31, 2024, respectively.On October 24, 2024, our board of directors approved an amendment (the “Amendment”) to the 2016 Incentive Plan reducing the number of shares of common stock available for issuance under the 2016 Incentive Plan. Under the Amendment, the aggregate number of shares of common stock available for issuance under awards granted pursuant to the 2016 Incentive Plan on or after October 24, 2024 was equal to 8.0 million. Pursuant to the Amendment, the number of shares available for issuance increased on April 1, 2025 by 4,231,218.On April 28