Richard N. Grant Jr. - 08 Mar 2023 Form 4 Insider Report for INTEST CORP (INTT)

Role
President & CEO, Director
Signature
/s/ Richard N. Grant, Jr.
Issuer symbol
INTT
Transactions as of
08 Mar 2023
Net transactions value
-$14,040
Form type
4
Filing time
10 Mar 2023, 15:37:36 UTC
Previous filing
25 Aug 2022
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTT Common Stock Award $0 +9,860 +5.4% $0.000000 192,144 08 Mar 2023 Direct F1
transaction INTT Common Stock Award $0 +9,859 +5.1% $0.000000 202,003 08 Mar 2023 Direct F2
transaction INTT Common Stock Tax liability $14,040 -854 -0.42% $16.44 201,149 09 Mar 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 +16,988 $0.000000 16,988 08 Mar 2023 Common Stock 16,988 $16.06 Direct F4
holding INTT Employee Stock Option (right to buy) 25,692 08 Mar 2023 Common Stock 25,692 $9.76 Direct F5
holding INTT Employee Stock Option (right to buy) 112,000 08 Mar 2023 Common Stock 112,000 $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.