Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 42

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 42
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 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 2025, which occurred on May 7, 2025. Amounts in this column for fiscal 2024 constitute the amount of the annual incentive compensation determined by the Compensation Committee for Messrs. Adelson, Beiser, Gold and Alley pursuant to our fiscal 2024 executive officer bonus program, and have been updated to include the dollar-denominated value of PSAs granted on May 23, 2024 pursuant to that program. The number of shares of PSAs issued to Messrs. Adelson, Beiser, Alley, and Gold with respect to the fiscal 2024 bonus program was 3,697, 3,697, 1,848, and 3,697 shares, respectively, which have a dollar-denominated value of approximately $500,000, $500,000, $250,000 and $500,000, respectively, and a grant date fair value of approximately $495,694, $495,694, $247,780, and $495,694, respectively. This portion of awards under our fiscal 2024 executive officer bonus program will vest over four years in equal installments contingent upon the applicable named executive officer being employed in good standing on such vesting date and the Company attaining an annual compound growth goal in total revenue for the applicable fiscal year (2025 – 2028) compared to the base of fiscal year 2024 revenue as reported on the Form 10-K. The number of shares 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.

(2) Amounts represent travel stipends for Messrs. Adelson and Gold of $154,058 and $97,848, and related tax gross-ups equal to $174,975 and $111,783, respectively.

(3) Messrs. Siegert and Crain were not named executive officers in fiscal 2023 or fiscal 2024.

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#### Grants of Plan-Based Awards in Fiscal 2025 Table
The following table