Hamilton Lane INC — Form 10-Q

On October 28, 2026, Hamilton Lane approved a severance and compensation arrangement for Erik Hirsch upon his transition from Co-Chief Executive Officer to Executive Co-Chairman, effective October 15, 2026. Upon termination without cause or resignation for good reason, Hirsch receives: (i) full vesting of unvested restricted stock including LTIP awards (with $230 stock price target) and prior Co-CEO annual performance awards; (ii) unvested carried interest; (iii) bonus amounts from historical technology investment exits; (iv) three additional annual grants of 30,000 shares each (2027–2029) with four-year vesting; and (v) 10% of realized gains on future balance-sheet-funded strategic technology investments made up to termination. The arrangement is conditioned on execution of a general release and contains detailed 'Cause' and 'Good Reason' definitions. Hartley Rogers assumes sole Co-CEO role alongside Rogers as Chairman.