inTEST (INTT) CFO receives new stock and option awards in Form 4
Rhea-AI Filing Summary
inTEST Corp CFO Duncan Gilmour reported equity compensation awards, not open-market trading. He received an employee stock option for 9,736 shares of common stock at an exercise price of $14.47 per share, expiring in 2036, which will vest in four equal annual installments starting March 16, 2027.
He was also granted 5,760 time-based restricted shares that vest in four equal annual installments beginning on March 16, 2027, plus 5,760 performance-based restricted shares that may vest in March 2029 if specified performance goals are met, with a maximum of 8,640 shares eligible to vest at peak performance.
Following these awards, Gilmour holds 67,954 shares of common stock directly and 200 shares indirectly through his spouse, along with multiple previously granted stock options with exercise prices between $7.74 and $16.80 expiring from 2031 through 2035.
Positive
- None.
Negative
- None.
Insights
Routine equity awards increase the CFO’s long-term stock and option exposure.
The filing shows CFO Duncan Gilmour receiving stock options and restricted shares as part of inTEST’s 2023 Stock Incentive Plan. These awards vest over several years and are granted at no cash cost to him on the grant date.
The package combines time-based restricted stock, performance-based restricted stock, and a stock option at an exercise price of $14.47 per share, expiring in 2036. Vesting schedules stretching to 2029 are designed to align compensation with both service and future performance outcomes.
The transactions do not involve any share sales or exercises, and he retains substantial existing option positions with exercise prices between $7.74 and $16.80, expiring from 2031 through 2035. Overall, this appears to be routine, plan-based compensation rather than a directional trading signal.
FAQ
What equity awards did inTEST (INTT) CFO Duncan Gilmour receive?
How do the new restricted stock awards for inTEST CFO vest?
What are the terms of Duncan Gilmour’s new inTEST stock option grant?
How many inTEST shares does the CFO hold after these Form 4 transactions?
Were there any inTEST (INTT) insider share sales in this Form 4?
What other stock options does the inTEST CFO have outstanding?