Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 26

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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. Activity in equity-classified share awards which relate to the 2016 Incentive Plan during the nine months ended December 31, 2024 and 2023 was as follows:Unvested Share AwardsSharesWeighted AverageGrant DateFair ValueBalance, April 1, 20244,519,024 $83.37 Granted975,043 136.04 Vested(1,619,144)80.49 Forfeited/Repurchased(208,753)90.69 Balance, December 31, 20243,666,170 $98.24 Balance, April 1, 20235,281,779 $79.57 Granted1,244,902 87.60 Vested(1,639,703)74.21 Forfeited/Repurchased(321,337)84.21 Balance, December 31, 20234,565,641 $83.36 Activity in liability-classified share awards during the nine months ended December 31, 2024 and 2023 was as follows:Awards Settleable in SharesFair ValueBalance, April 1, 2024$17,184 Offer to grant1,198 Share price determined-converted to cash payments(5)Share price determined-transferred to equity grants(3,896)Forfeited(3,128)Balance, December 31, 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