Stephen A. Bondi - 09 Mar 2023 Form 4 Insider Report for HEIDRICK & STRUGGLES INTERNATIONAL INC (HSII)

Role
VP and Controller
Signature
/s/ Jose J. Castillo
Issuer symbol
HSII
Transactions as of
09 Mar 2023
Net transactions value
+$69,300
Form type
4
Filing time
13 Mar 2023, 16:44:38 UTC
Previous filing
10 Mar 2022
Next filing
26 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSII Common Stock Options Exercise $56,364 +1,708 +8.7% $33.00 21,318 09 Mar 2023 Direct F1, F2
transaction HSII Common Stock Tax liability $24,981 -757 -3.6% $33.00 20,561 09 Mar 2023 Direct F3
transaction HSII Common Stock Options Exercise $33,627 +1,019 +5% $33.00 21,580 09 Mar 2023 Direct F2, F4
transaction HSII Common Stock Tax liability $14,916 -452 -2.1% $33.00 21,128 09 Mar 2023 Direct F5
transaction HSII Common Stock Options Exercise $34,518 +1,046 +5% $33.00 22,174 09 Mar 2023 Direct F2, F6
transaction HSII Common Stock Tax liability $15,312 -464 -2.1% $33.00 21,710 09 Mar 2023 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HSII 2020 Restricted Stock Units Options Exercise $0 -1,708 -100% $0.000000* 0 09 Mar 2023 Common Stock 1,708 Direct F2, F8
transaction HSII 2021 Restricted Stock Units Options Exercise $0 -1,019 -50% $0.000000 1,020 09 Mar 2023 Common Stock 1,019 Direct F2, F9
transaction HSII 2022 Restricted Stock Units Options Exercise $0 -1,046 -33% $0.000000 2,092 09 Mar 2023 Common Stock 1,046 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of the third of three installments of Restricted Stock Units ("RSUs") granted on March 9, 2020 ("2020 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.
F2 RSUs convert into common stock on a one-for-one basis at the time of vesting.
F3 Reflects an aggregate of 757 shares of common stock retained by Heidrick & Struggles International, Inc. (the "Issuer") to satisfy tax withholding obligations with respect to 2020 RSUs that vested on March 9, 2023.
F4 Reflects the vesting of the second of three installments of RSUs granted on March 9, 2021 ("2021 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.
F5 Reflects an aggregate of 452 shares of common stock retained by Issuer to satisfy tax withholding obligations with respect to 2021 RSUs that vested on March 9, 2023.
F6 Reflects the vesting of the first of three installments of RSUs granted on March 9, 2022 ("2022 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant
F7 Reflects an aggregate of 464 shares of common stock retained by Issuer to satisfy tax withholding obligations with respect to 2022 RSUs that vested on March 9, 2023.
F8 On March 9, 2020, the reporting person was granted 5,122 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.
F9 On March 9, 2021, the reporting person was granted 3,058 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.
F10 On March 9, 2022, the reporting person was granted 3,138 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.