ITG (ITG) CFO receives stock, RSU and PSU grants with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ITG, Inc. Chief Financial Officer Christopher H. Mecray reported equity compensation and related tax withholding transactions in Class A common stock. On July 2, 2026, 1,850 shares of Class A common stock were withheld at $16.00 per share to cover tax obligations arising from restricted stock unit settlement, leaving 3,150 Class A shares held directly.
On the same date, Mecray received a grant of 5,000 shares of Class A common stock and 15,000 restricted stock units, each RSU representing a right to one Class A share upon vesting or the equivalent cash value. He was also granted two separate awards of 15,000 performance restricted stock units each, which may deliver up to 200% of the PSU grant amount in Class A shares or cash upon achievement of specified performance criteria and continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Mecray Christopher H.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 15,000 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 15,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 15,000 | $0.00 | -- |
| Grant/Award | Class A common stock | 5,000 | $0.00 | -- |
| Tax Withholding | Class A common stock | 1,850 | $16.00 | $30K |
Holdings After Transaction:
Performance Restricted Stock Units — 15,000 shares (Direct);
Restricted Stock Units — 15,000 shares (Direct);
Class A common stock — 5,000 shares (Direct)
Footnotes (1)
- Represents shares of Class A common stock ("Class A Common Stock") withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person arising in connection with the grant and settlement of fully vested restricted stock units ("RSUs"). Represents performance restricted stock units ("PSUs") that entitle the Reporting Person to receive, upon vesting, shares of Class A Common Stock in an amount up to 200% of the PSU grant amount (or, in the Issuer's discretion, the equivalent cash value thereof). The PSUs vest upon achievement of certain performance criteria tied to the market price of the Class A Common Stock, subject to the Reporting Person's continued service through such vesting date. Represents PSUs that entitle the Reporting Person to receive, upon vesting, shares of Class A Common Stock in an amount up to 200% of the PSU grant amount (or, in the Issuer's discretion, the equivalent cash value thereof). The PSUs vest upon achievement of certain performance criteria which are not tied to the market price of the Class A Common Stock, subject to the Reporting Person's continued service through such vesting date. Accordingly, the reported securities are being reported on this Form 4 on a voluntary basis. 20,000 RSUs were granted to the Reporting Person in connection with the Issuer's initial public offering. Each RSU represents a contingent right to receive one share of Class A Common Stock upon vesting (or, in the Issuer's discretion, the equivalent cash value thereof). 25% of the RSUs were vested upon grant and are reported in Table I hereof. The remaining 15,000 RSUs shall vest in three equal installments on the first, second and third anniversaries of July 2, 2026, subject to the Reporting Person's continued service through such vesting dates.
Key Figures
Tax withholding shares: 1,850 shares at $16.00
Common shares after tax withholding: 3,150 shares
New common stock grant: 5,000 shares
+5 more
8 metrics
Tax withholding shares
1,850 shares at $16.00
Class A common stock withheld to satisfy tax obligations
Common shares after tax withholding
3,150 shares
Class A common stock held directly following the disposition
New common stock grant
5,000 shares
Grant of Class A common stock to CFO on July 2, 2026
New RSU grant
15,000 RSUs
Restricted stock units each convertible into one Class A share or cash
Performance RSU grant (market price criteria)
15,000 PSUs
PSUs vest upon achieving performance criteria tied to market price
Performance RSU grant (non‑market criteria)
15,000 PSUs
PSUs vest upon achieving non‑market performance criteria
Maximum PSU payout multiple
Up to 200% of grant amount
Potential Class A shares or cash deliverable upon PSU vesting
IPO RSU grant size
20,000 RSUs
RSUs granted in connection with ITG’s initial public offering
Key Terms
Restricted Stock Units, Performance Restricted Stock Units, tax withholding obligations, initial public offering, +1 more
5 terms
Restricted Stock Units financial
"Represents shares of Class A common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person arising in connection with the grant and settlement of fully vested restricted stock units"
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.
Performance Restricted Stock Units financial
"Represents performance restricted stock units ("PSUs") that entitle the Reporting Person to receive, upon vesting, shares of Class A Common Stock"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person arising in connection with the grant and settlement of fully vested restricted stock units"
initial public offering financial
"20,000 RSUs were granted to the Reporting Person in connection with the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
vesting financial
"The remaining 15,000 RSUs shall vest in three equal installments on the first, second and third anniversaries of July 2, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did ITG (ITG) CFO Christopher Mecray report in this Form 4?
Christopher Mecray reported equity compensation and related tax withholding transactions. He had shares withheld for taxes, received 5,000 Class A common shares, 15,000 RSUs, and two 15,000‑unit PSU awards, all tied to continued service and performance conditions.
What new ITG Class A common stock did the CFO receive?
Christopher Mecray received a grant of 5,000 shares of Class A common stock. These shares were acquired at no stated purchase price as part of his equity compensation, increasing his direct holdings reported after the transactions.
What restricted stock units (RSUs) did ITG grant to the CFO?
ITG granted 15,000 restricted stock units to the CFO. Each RSU represents a contingent right to receive one share of Class A common stock, or equivalent cash value, upon vesting, subject to his continued service through the vesting dates.
How do the ITG performance restricted stock units (PSUs) work for the CFO?
Two PSU grants of 15,000 units each entitle the CFO to receive up to 200% of the grant amount in Class A shares or cash. Vesting depends on achieving specified performance criteria and his continued service through the applicable vesting dates.
What RSUs were previously granted to the ITG CFO in connection with the IPO?
A prior grant of 20,000 RSUs was made in connection with ITG’s initial public offering. Twenty‑five percent vested upon grant and the remaining 15,000 RSUs vest in three equal installments on the first three anniversaries of July 2, 2026, subject to continued service.