Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 37

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 37
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 fiscal year.

The number of shares subject to each award was determined by dividing the applicable equity award amount 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 Company publicly announced its earnings for fiscal 2025, which occurred on May 7, 2025.

Restricted Stock Awards and PSAs Granted in Fiscal Year 2025 for 2024 Performance

The total number of shares of time-vesting restricted Class B common stock that was awarded to each named executive officer in fiscal 2025, as well as the corresponding grant-date value, is set forth in the following table. These awards were granted during fiscal 2025 under our fiscal 2024 performance-based bonus program. As such, in accordance with SEC rules, the value of these awards for Messrs. Adelson, Beiser, Alley and Gold (who were named executive officers for fiscal 2024) is disclosed under the heading “Non-Equity Incentive Compensation” (and the related footnote) for fiscal 2024 in the Summary Compensation Table.

| Named Executive Officer |     | Time-Based Restricted Stock Awards Granted in Fiscal 2025 (#) |     | Grant-Date Fair Value of Time-Based Restricted Stock Awards Granted in Fiscal 2025 ($) |     | PSAs Granted in Fiscal 2025 (#) |     | Grant-Date Fair Value of PSAs Granted in Fiscal 2025 ($) |
| Scott J. Adelson        |     |                                                         6,701 |     |                                                                                898,470 |     |                           3,697 |     |                                                  495,694 |
| Scott L. Beiser         |     |                                                         7,765 |     |                                                                              1,041,131 |     |                           3,697 |     |                                                  495,694 |
| J. Lindsey Alley        |     |                                                         3,146 |     |                                                                                421,816 |     |                           1,848 |     |                                                  247,780 |
| Irwin N. Gold           |     |                                                         5,176 |     |                                                                                693,998 |     |                           3,697 |     |                                                  495,694 |
| P. Eric Siegert         |     |                                                        33,833 |     |                                                                              4,536,329 |     |                               — |     |                                                        — |
| Christopher M. Cr