Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 89

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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, 2024$11,353 Balance, April 1, 2023$11,971 Offer to grant9,094 Share price determined-converted to cash payments(3)Share price determined-transferred to equity grants(6,172)Forfeited— Balance, December 31, 2023$14,890 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

Activity in Restricted Stock Unit awards during the nine months ended December 31, 2024 and 2023 was as follows:Restricted Stock UnitsRSUsWeighted Average Grant Date Fair ValueRSUs as of April 1, 2024843,730 $95.09 Issued68,601 134.08 Forfeitures(27,056)94.81 Vested(273,210)94.75 RSUs as of December 31, 2024612,065 $99.63 RSUs as of April 1, 20231,050,646 $95.46 Issued94,286 87.60 Forfeitures(32,682)90.82 Vested(266,883)94.38 RSUs as of December 31, 2023845,367 $95.09 Compensation expenses for the Company associated with both equity-classified and liability-classified awards totaled $45,586 and $43,974 for the three months ended December 31, 2024 and 2023, respectively, and $123,982 and $126,123 for the nine months ended December 31, 2024 and 2023, respectively.As of December 31, 2024 and 2023, there was $421,133 and $460,973, 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 1.2 years and 3.2 years, as of December 31, 2024 and 2023, 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