Form 4: Heidrick & Struggles CFO Mark Harris Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Harris, CFO of Heidrick & Struggles International, disposed of 2,716 shares of common stock on June 22, 2024, to cover tax withholding obligations related to vested Restricted Stock Units.
Summary
- On June 22, 2024, Mark R Harris, the Chief Financial Officer of Heidrick & Struggles International Inc. (HSII), disposed of 2,716 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of Restricted Stock Units.
- The shares were disposed of at a price of $33.81 per share.
- Following the transaction, Harris directly owns 73,453.019 shares of Heidrick & Struggles International Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/22/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 06/25/2024 | Date of signature by Attorney-In-Fact. |
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