Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 46

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 46
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5, one-quarter are scheduled to vest on May 15, 2026, one-quarter are scheduled to vest on May 15, 2027, and one-quarter are scheduled to vest on May 15, 2028.

(6) Represents earned shares outstanding under the PSA as of March 31, 2025, which vested on May 15, 2025.

(7) Assuming the performance conditions corresponding to each respective vesting date are satisfied, one-third of the shares outstanding under this PSA are expected to vest on May 15, 2026, one-third are expected to vest on May 15, 2027, and one-third are expected to vest on May 15, 2028.

#### Fiscal 2025 Option Exercises and Stock Vested
The following table summarizes the vesting of stock awards held by our named executive officers during fiscal 2025. None of the named executive officers held any options during fiscal 2025:

|                      |     |                            Stock Awards |     |                              |
| Name                 |     | Number of Shares Acquired on Vesting(#) |     | Value Realized on Vesting($) |
| Scott J. Adelson     |     |                                  30,320 |     |                    4,127,462 |
| Scott L. Beiser      |     |                                  16,498 |     |                    2,245,873 |
| J. Lindsey Alley     |     |                                   4,532 |     |                      616,941 |
| Irwin N. Gold        |     |                                  13,392 |     |                    1,823,053 |
| P. Eric Siegert      |     |                                  32,951 |     |                    4,485,620 |
| Christopher M. Crain |     |                                   2,987 |     |                      406,620 |

Summary of Potential Payments Upon Termination or Change in Control

As described above under “Overview of Compensation Components—Other Compensation Program Features,” in May 2022 our board of directors adopted the Transition Program to establish the framework under which the Company’s executive officers, including each of its named executive officers, may resign from their position as an executive officer and transition to a more limited role within the Company. We otherwise do not provide for any payments upon termination or change in control.

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#### 2025 CEO PAY RATIO
In accordance with applicable SEC rules, we are providing the ratio of the total annual