Tracey Heaton - Mar 9, 2023 Form 4 Insider Report for HEIDRICK & STRUGGLES INTERNATIONAL INC (HSII)

Role
Chief Legal Officer & Corp Sec
Signature
/s/ Jose J. Castillo
Stock symbol
HSII
Transactions as of
Mar 9, 2023
Transactions value $
$30,030
Form type
4
Date filed
3/13/2023, 04:45 PM
Previous filing
Dec 22, 2022
Next filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSII Common Stock Options Exercise $50.3K +1.53K +263.39% $33.00 2.1K Mar 9, 2023 Direct F1, F2
transaction HSII Common Stock Tax liability -$20.3K -615 -29.23% $33.00 1.49K Mar 9, 2023 Direct F3

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 2022 Restricted Stock Units Options Exercise $0 -1.53K -33.33% $0.00 3.05K Mar 9, 2023 Common Stock 1.53K Direct F2, F4
* 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 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.
F2 RSUs convert into common stock on a one-for-one basis at the time of vesting.
F3 Reflects an aggregate of 615 shares of common stock retained by Heidrick & Struggles International, Inc. (the "Issuer") to satisfy tax withholding obligations with respect to 2022 RSUs that vested on March 9, 2023.
F4 On March 9, 2022, the reporting person was granted 4,576 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant.