Richard N. Grant Jr. - 06 Mar 2024 Form 4 Insider Report for INTEST CORP (INTT)

Role
President & CEO, Director
Signature
/s/ Richard N. Grant, Jr.
Issuer symbol
INTT
Transactions as of
06 Mar 2024
Net transactions value
$0
Form type
4
Filing time
08 Mar 2024, 16:30:52 UTC
Previous filing
28 Aug 2023
Next filing
12 Mar 2024
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 +17,652 +8.7% $0.000000 220,203 06 Mar 2024 Direct F1
transaction INTT Common Stock Award $0 +17,652 +8% $0.000000 237,855 06 Mar 2024 Direct F2

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 +30,536 $0.000000 30,536 06 Mar 2024 Common Stock 30,536 $11.33 Direct F3
holding INTT Employee Stock Option (right to buy) 16,988 06 Mar 2024 Common Stock 16,988 $16.06 Direct F4
holding INTT Employee Stock Option (right to buy) 25,692 06 Mar 2024 Common Stock 25,692 $9.76 Direct F5
holding INTT Employee Stock Option (right to buy) 112,000 06 Mar 2024 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 inTEST Corporation 2023 Stock Incentive Plan (the "Plan") in a transaction exempt under Rule 16b-3 and will vest in four equal annual installments commencing on March 6, 2025.
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 6, 2027 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 26,478.
F3 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 6, 2025.
F4 This option vests in four equal annual installments commencing on March 8, 2024.
F5 This option vests in four equal annual installments commencing on March 9, 2023.
F6 This option vests in four equal annual installments commencing on March 10, 2022.