Information Services Group (III) CEO granted 130,208 RSUs and 468,750 performance-based units
Rhea-AI Filing Summary
CONNORS MICHAEL P reported acquisition or exercise transactions in this Form 4 filing.
Information Services Group Inc. reported that Chairman and CEO Michael P. Connors received new equity awards. He was granted 130,208 shares of common stock at $3.84 per share in the form of restricted stock units that vest in four equal annual installments starting on April 1, 2026, leaving him with 5,213,380 common shares held directly after the award. He was also granted 468,750 performance-based RSUs tied to future common stock, which may be earned based on market price goals measured over a forty-five-trading-day period ending on the third anniversary of the grant. According to the terms, 50% of these RSUs are earned at a measured price of $5.25, 75% at $6.00, and 100% at $7.00 or above, with interpolation between these points, and full earning if the price reaches $7.00 at any time before or on the third anniversary. Unearned RSUs will be canceled, and any earned RSUs will be fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based RSUs | 468,750 | $0.00 | -- |
| Grant/Award | Shares of Common Stock | 130,208 | $3.84 | $500K |
Footnotes (1)
- Represents restricted stock units (RSUs) granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of April 1, 2026. Represents a grant of RSUs that may be earned based on achievement of certain market price goals, which will be measured at the average closing price of the issuer's common stock over the forty-five-trading-day period prior to and including the third anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is $5.25, 75% of the RSUs will be earned if the measured market price is $6.00 and 100% of the RSUs will be earned if the measured market price is $7.00 or above, with interpolation of the number of earned RSUs between these share price points. In addition, if the measured market price meets or exceeds $7.00 at any time before and including the third anniversary of the award, 100% of the RSUs will be earned. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. Once determined, any such earned RSUs will be fully vested.