Form 4: Heidrick & Struggles Chief Legal Officer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Tracey Heaton, Chief Legal Officer & Corp Sec of Heidrick & Struggles International Inc, disposed of 871 shares to cover tax obligations related to vested Restricted Stock Units.
Summary
- On June 22, 2024, Tracey Heaton, Chief Legal Officer & Corp Sec of Heidrick & Struggles International Inc, disposed of 871 shares of common stock.
- The disposal was to satisfy tax withholding obligations related to Restricted Stock Units that vested on the same date.
- The price per share for the transaction was $33.81.
- Following the transaction, Heaton directly owns 17,109 shares of Heidrick & Struggles International Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is a common occurrence where shares are disposed of to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/22/2024 | Date of transaction: disposal of shares to cover tax obligations; Restricted Stock Units vested |
| 06/25/2024 | Date of signature on the Form 4 filing |
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