Hamilton Lane grants Co-CEOs 544,000 performance-based restricted shares each
Hamilton Lane's board approved long-term performance-based restricted stock awards of 544,000 shares to each of its Co-Chief Executive Officers, Erik R. Hirsch and Juan Delgado-Moreira, plus a multi-year annual award program and an incentive tied to certain technology investments for Mr. Hirsch. The awards vest only if Class A share prices reach $150, $190 and $230 and the executives stay employed, which ties their pay to share price gains for shareholders.
Key points
- Board approved on June 20, 2024 a grant of 544,000 long-term performance-based restricted shares to each Co-CEO, subject to stockholder approval of plan amendments at the next annual meeting
- Vesting tied to Class A average closing prices of $150, $190 and $230 over 20 consecutive trading days, with a minimum five-year service requirement
- Board intends to consider five annual awards of 30,000 restricted shares per Co-CEO, with the first expected in March 2025 and subject to Board discretion
- Mr. Hirsch's incentive pays a percentage of future realized gains on certain historical strategic technology investments; the company says these payments are not material
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2024.
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