Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 38

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 38
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ain    |     |                                                         1,908 |     |                                                                                255,825 |     |                           1,848 |     |                                                  247,780 |

The time-vesting restricted shares of our Class B common stock awarded under our fiscal 2024 bonus program vest in four equal installments on May 15 of each of 2025, 2026, 2027 and 2028, subject to continued employment. The PSAs vest in four equal installments on May 15 of each of 2025, 2026, 2027 and 2028, contingent upon:

• the applicable named executive officer being employed in good standing on such vesting date; and

• the Company’s attainment of a 7% annual compound growth in total revenue above the fiscal year 2024 base year revenue, as reported in its Consolidated Statements of Comprehensive Income in the Annual Report on Form 10-K for the applicable fiscal year.

The number of shares subject to each award was determined by dividing the applicable value by the average closing price of the Company’s Class A common stock as traded on the New York Stock Exchange for the 10-consecutive trading day period occurring immediately after (and excluding) the date the Company publicly announced its earnings for fiscal 2024, which occurred on May 8, 2024. Because these awards were granted in fiscal 2025, they appear in the Grants of Plan-Based Awards in Fiscal 2025 Table below.

#### Other Compensation Program Features
We provide customary employee benefits to our full and eligible part-time employees in the United States, including our named executive officers. These include medical and dental benefits, short term and long-term disability insurance, accidental death and dismemberment insurance and life insurance.

We also maintain a 401(k) retirement savings plan for our employees in the United States, including our named executive officers. Eligible employees may defer a portion of their compensation, within prescribed tax code limits, on a pretax basis through contributions to the 401(k) plan. We did not make any matching contributions under our 401(k) plan to our named executive officers’ 401(k) accounts during fiscal 2025.

| 23 |

We also may provide limited perquisites to our named executive officers to facilitate performance and to ensure a competitive total compensation package. Perquisites may include stipends for travel expenses (and related tax equalization payments).

In May 2022, we adopted an Executive Officer Transition Program (the “Transition Program”) to establish