secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hamilton Lane INC (HLNE)
CIK:        0001433642
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001433642-24-000067
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Hamilton Lane grants Co-CEOs performance-based equity awards tied to stock price targets
--------------------------------------------------------------------------------

- Each Co-CEO granted 544,000 performance-based RSUs; vesting at avg closing price of $150, $190, $230 per share over 20 consecutive trading days within 7 years.
- Vesting requires continued employment for minimum 5 years; one-third eligible at each price target.
- Board intends to consider five annual awards of 30,000 restricted shares each to Co-CEOs starting March 2025, subject to performance conditions.
- Erik Hirsch also receives incentive award based on realized gains from strategic technology investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433642/000143364224000067/0001433642-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433642/000143364224000067/hlne-20240620.htm
  HTML page:      https://secwatch.observer/filing/0001433642-24-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer