Arnaud Ajdler - Jul 6, 2022 Form 4 Insider Report for Hill International, Inc. (HIL)

Role
Director
Signature
William H. Dengler, Attorney-in-Fact
Stock symbol
HIL
Transactions as of
Jul 6, 2022
Transactions value $
$0
Form type
4
Date filed
7/12/2022, 07:45 PM
Previous filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIL Common Stock Award $0 +43.1K +21.42% $0.00 244K Jul 6, 2022 Direct F1, F2
holding HIL Common Stock 5.56M Jul 6, 2022 By Engine Capital, L.P. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of deferred stock units (DSUs) for payment of part of annual retainer for service on the Issuer's Board of Directors. Each DSU entitles the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors.
F2 Comprised of shares of common stock to be issued upon settlement of DSUs.
F3 The Reporting Person is the managing member of Engine Capital Management, L.P. ("Engine Management"), Engine Investments, LLC ("Engine Investments") and Engine Investments II, LLC ("Engine Investments II"). Engine Management is the investment manager of each of Engine Airflow Capital, L.P. ("Engine Airflow"), Engine Capital, L.P. ("Engine Capital"), and Engine Jet Capital, L.P. ("Engine Jet"). Engine Investments is the general partner of each of Engine Capital and Engine Jet, and Engine Investments II is the general partner of Engine Airflow. Following the transaction, Engine Airflow owns 465,064 shares, Engine Capital owns 2,779,054 shares and Engine Jet owns 2,201,138 shares of the Issuer's common stock. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.