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Asset Management

Hamilton Lane Executive Compensation (FY26)

HLNE · Executive and director compensation, fiscal 2022 to 2026
Data as of September 7, 2026Latest filing (DEF 14A): July 23, 2026
264 figures on this page: 257 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Erik Hirsch, Co-Chief Executive Officer, received $3,461,693 in total compensation for fiscal 2026, and compared with the $80,221,476 reported for fiscal 2025, Hirsch's total was 95.7% lower. The disclosed chief executive pay ratio for fiscal 2026 is 26:1, against median employee compensation of $130,802. The say-on-pay proposal drew 76.2% of votes cast for or against in favor at the meeting held September 4, 2025 for fiscal 2025. The fiscal 2026 disclosure covers 6 named executive officers.
Chief executive, fiscal 2026
◇
Erik Hirsch
Median of the other named officers
$1,766,480
5 officers, excluding the chief executive
Latest say-on-pay support
=
September 4, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Erik Hirsch: $80,221,476 → $3,461,693 (95.7% lower)
Say-on-pay support: 94.9% → 76.2% (18.7 points lower)
CEO pay ratio: 613:1 → 26:1 (95.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Hamilton Lane's chief executive and what were they paid?
Erik Hirsch, Co-Chief Executive Officer, received $3,461,693 in total compensation for fiscal 2026. Compared with the $80,221,476 reported for fiscal 2025, Hirsch's total was 95.7% lower.
What was Hamilton Lane's say-on-pay result?
The say-on-pay proposal drew 76.2% of votes cast for or against in favor at the meeting held September 4, 2025 for fiscal 2025.
What is Hamilton Lane's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2026 is 26:1, against median employee compensation of $130,802.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mario Giannini
Executive Co-Chairman
◇—◇—◇—◇◇
Hartley Rogers
Executive Co-Chairman
◇—◇—◇—◇◇
Erik Hirsch
Co-Chief Executive Officer
◇◇◇———◇◇
Randy Stilman
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hartley Rogers
Executive Co-Chairman
◇—◇—◇—◇◇
Erik Hirsch
Co-Chief Executive Officer
◇◇◇———◇◇
Juan Delgado-Moreira
Co-Chief Executive Officer
◇◇◇———◇◇
Randy Stilman
Chief Financial Officer
◇—◇—◇—◇◇
Lydia Gavalis
General Counsel and Secretary
◇◇◇———◇◇
Mario Giannini
Executive Co-Chairman
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Erik Hirsch
Co-Chief Executive Officer
◇◇◇———◇◇
Juan Delgado-Moreira
Co-Chief Executive Officer
◇◇◇———◇◇
Andrea Anigati Kramer
Chief Operating Officer
◇◇◇———◇◇
Jeffrey Armbrister
Chief Financial Officer
◇◇◇———◇◇
Lydia Gavalis
General Counsel and Secretary
◇◇◇———◇◇
Atul Varma
former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Drew Carl
Chief Accounting Officer
◇◇◇———◇◇
Mario Giannini
Executive Co-Chairman and former Chief Executive Officer
Departed during or after this year
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Erik Hirsch
Co-Chief Executive Officer
◇◇◇———◇◇
Juan Delgado-Moreira
Co-Chief Executive Officer
◇◇◇———◇◇
Andrea Anigati Kramer
Chief Operating Officer
◇◇◇———◇◇
Jeffrey Armbrister
Chief Financial Officer
◇◇◇———◇◇
Lydia Gavalis
General Counsel and Secretary
◇◇◇———◇◇
Drew Carl
Chief Accounting Officer
◇◇◇———◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Erik Hirsch
Co-Chief Executive Officer
◇◇————◇◇
Andrea Anigati Kramer
Chief Operating Officer
◇◇◇———◇◇
Juan Delgado-Moreira
Co-Chief Executive Officer
◇◇————◇◇
Jeffrey Armbrister
Chief Financial Officer
◇◇◇———◇◇
Lydia Gavalis
General Counsel and Secretary
◇◇◇———◇◇
Drew Carl
Chief Accounting Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrea Anigati KramerRSU◇——◇——◇
Drew T. CarlRSU◇——◇——◇
Jeffrey B. ArmbristerRSU◇——◇——◇
Lydia A. GavalisRSU◇——◇——◇
Fiscal 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Drew CarlRSU◇◇——
RSU◇◇——
RSU◇◇——
Jeffrey ArmbristerRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Lydia GavalisRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Andrea Anigati KramerRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Juan Delgado-MoreiraRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Juan Delgado-Moreira
Co-Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation◇
Non-compete period◇
Jeffrey Armbrister
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Lydia Gavalis
General Counsel and Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Drew Carl
Chief Accounting Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Erik Hirsch
Co-Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇
Andrea Anigati Kramer
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Non-compete period◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Leslie F. Varon
◇◇————◇
David J. Berkman
◇—————◇
O. Griffith Sexton
—◇————◇
R. Vann Graves
◇◇————◇
Hartley R. Rogers, Juan Delgado-Moreira, Mario L. Giannini, Erik R. Hirsch and Michael Schmertzler served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Audit committee chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025September 4, 2025=◇◇◇
2024September 5, 2024=◇◇◇
2023September 7, 2023=◇◇◇
2022September 1, 2022=◇◇◇
2021September 2, 2021=◇◇◇
2020September 3, 2020=◇◇◇
2019September 5, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Hamilton Lane disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
264 figures on this page: 257 cited to the filing that reported them, 7 calculated from figures it prints.
257 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001433642-26-000034
    DIRECTOR COMPENSATION · Grants of Plan-Based Awards in Fiscal 2026 · Outstanding Equity Awards at 2026 Fiscal Year End · Pay Ratio Disclosure · and 1 more section
  2. 0001433642-25-000089
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  3. 0001433642-24-000089
  4. 0001433642-24-000075
    Summary Compensation Table
  5. 0001433642-23-000086
  6. 0001433642-23-000065
    Summary Compensation Table
  7. 0001433642-22-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001433642-22-000030
    Summary Compensation Table
  9. 0001433642-21-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001433642-20-000111
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001433642-19-000090
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001433642-25-000062
    Compensation Discussion and Analysis
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Hamilton Lane executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/HLNE (accessed 2026).
Short form: data: Velarion
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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