Sarah Payne - 30 Mar 2024 Form 4 Insider Report for HEIDRICK & STRUGGLES INTERNATIONAL INC (HSII)

Signature
/s/ Antony Gabriel, Attorney-In-Fact
Issuer symbol
HSII
Transactions as of
30 Mar 2024
Net transactions value
-$74,364
Form type
4
Filing time
02 Apr 2024, 16:03:53 UTC
Previous filing
13 Mar 2024
Next filing
25 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSII Common Stock Award $0 +7,269 +23% $0.000000 39,098 30 Mar 2024 Direct F1, F2
transaction HSII Common Stock Tax liability $74,364 -2,279 -5.8% $32.63 36,819 30 Mar 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of 7,269 non-derivative Performance Stock Units ("PSUs") granted on March 30, 2021 ("2021 PSUs") for the three-year performance period ended December 31, 2023 and which are exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). PSUs are target-based equity grants that generally vest three years from the grant date if certain performance goals are achieved. The actual amounts to vest at the end of the performance period can range from 0% to 200% of target based on performance.
F2 PSUs convert into common stock on a one-for-one basis at the time of vesting.
F3 Reflects an aggregate of 2,279 shares of common stock retained by Issuer to satisfy tax withholding obligations with respect to 2021 PSUs that vested on March 30, 2024.