Richard N. Grant Jr. - Mar 8, 2023 Form 4 Insider Report for INTEST CORP (INTT)

Role
President & CEO, Director
Signature
/s/ Richard N. Grant, Jr.
Stock symbol
INTT
Transactions as of
Mar 8, 2023
Transactions value $
-$14,040
Form type
4
Date filed
3/10/2023, 03:37 PM
Previous filing
Aug 25, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTT Common Stock Award $0 +9.86K +5.41% $0.00 192K Mar 8, 2023 Direct F1
transaction INTT Common Stock Award $0 +9.86K +5.13% $0.00 202K Mar 8, 2023 Direct F2
transaction INTT Common Stock Tax liability -$14K -854 -0.42% $16.44 201K Mar 9, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INTT Employee Stock Option (right to buy) Award $0 +17K $0.00 17K Mar 8, 2023 Common Stock 17K $16.06 Direct F4
holding INTT Employee Stock Option (right to buy) 25.7K Mar 8, 2023 Common Stock 25.7K $9.76 Direct F5
holding INTT Employee Stock Option (right to buy) 112K Mar 8, 2023 Common Stock 112K $10.62 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted shares were granted pursuant to the Issuer's Fourth Amended and Restated 2014 Stock Plan (the "Plan") in a transaction exempt under Rule 16b-3 and will vest in four equal annual installments commencing on March 8, 2024.
F2 These performance-based restricted shares were granted pursuant to the Plan in a transaction exempt under Rule 16b-3 and will vest on March 8, 2026 dependent upon certain performance criteria. The amount shown reflects the number of shares that will vest at target performance. The maximum number of shares that may vest pursuant to the performance criteria is 14,789.
F3 Shares withheld to cover tax withholding obligations on the vesting of restricted stock.
F4 This option was granted pursuant to the Plan in a transaction exempt under Rule 16b-3 and will vest in four equal annual installments commencing on March 8, 2024.
F5 This option vests in four equal installments beginning on March 9, 2023.
F6 This option vests in four equal installments beginning on March 10, 2022.