Information Services Group (NASDAQ: III) CFO 10,754 shares withheld for taxes
Rhea-AI Filing Summary
Information Services Group Inc. (III) reported that EVP & Chief Financial Officer Michael A. Sherrick exercised 18,116 Performance Based RSUs into an equal number of shares of common stock on August 18, 2026, after a market-price performance condition was met. In connection with this vesting, 10,754 shares were deemed disposed to the issuer at $4.93 per share to satisfy tax withholding obligations under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,362 shares
Net Buy
3 txns
Insider
Sherrick Michael A.
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based RSUs F1 | 18,116 | $0.00 | $0.00 |
| Exercise | Shares of Common Stock F1 | 18,116 | -- | -- |
| Tax Withholding | Shares of Common Stock F2 | 10,754 | $4.93 | $53K |
Holdings After Transaction:
Performance Based RSUs — 0 shares (Direct);
Shares of Common Stock — 431,547 shares (Direct)
Footnotes (2)
- F1. On June 2, 2025, the Reporting Person received a grant of RSUs that could be earned based on the achievement of market price goals, which were measured as the average closing price of issuer's common stock over any ten consecutive trading day period beginning with the first anniversary of the award. 100% of the number of RSUs will be earned if the measured market price is $5.00 or above This performance condition was met on August 18, 2026, and 100% of the performance-based RSUs were fully vested.
- F2. Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
Key Figures
Performance Based RSUs exercised: 18,116 shares
Shares withheld for taxes: 10,754 shares
Tax withholding share price: $4.93 per share
+3 more
6 metrics
Performance Based RSUs exercised
18,116 shares
RSUs converted into common stock on August 18, 2026
Shares withheld for taxes
10,754 shares
Deemed disposition to issuer to satisfy tax withholding on RSU vesting
Tax withholding share price
$4.93 per share
Value used for shares withheld for tax obligations
RSU market price threshold
$5.00
Measured market price required for 100% of RSUs to be earned
RSU grant date
June 2, 2025
Grant of performance-based RSUs to Michael A. Sherrick
RSU expiration date
June 2, 2029
Expiration date of the performance-based RSUs prior to exercise
Key Terms
Performance Based RSUs, market price goals, restricted stock units, Rule 16b-3
4 terms
Performance Based RSUs financial
"the Reporting Person received a grant of RSUs that could be earned based on the achievement of market price goals"
market price goals financial
"RSUs that could be earned based on the achievement of market price goals, which were measured as the average closing price"
restricted stock units financial
"vesting of restricted stock units issued in accordance with Rule 16b-3"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"restricted stock units issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider equity award vested for Information Services Group Inc. (III)?
EVP & CFO Michael A. Sherrick had 18,116 Performance Based RSUs vest and convert into 18,116 shares of common stock on August 18, 2026, after a specified market-price performance condition was achieved.
What performance condition triggered the RSU vesting at III?
The RSUs were earned based on achieving market price goals, measured as the average closing price of III common stock over any ten consecutive trading days beginning with the first anniversary of the June 2, 2025 award. The condition required a measured market price of $5.00 or above.
When was the performance condition met for Michael Sherrick’s RSUs at III?
The performance condition for Michael A. Sherrick’s performance-based RSUs was met on August 18, 2026. On that date, 100% of the performance-based RSUs became fully vested and were converted into shares of Information Services Group Inc. common stock.
What type of award did Michael Sherrick receive from III in 2025?
On June 2, 2025, Michael A. Sherrick received a grant of RSUs that could be earned based on market price goals tied to the average closing price of Information Services Group Inc. common stock over a ten consecutive trading day period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
