Michael Tanniru - Mar 6, 2024 Form 4 Insider Report for INTEST CORP (INTT)

Role
Div. President, Envir. Tech.
Signature
/s/ Duncan Gilmour, Attorney-in-Fact for Michael Tanniru
Stock symbol
INTT
Transactions as of
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 04:32 PM
Previous filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTT Common Stock Award $0 +2.94K +44.3% $0.00 9.59K Mar 6, 2024 Direct F1
transaction INTT Common Stock Award $0 +2.94K +30.68% $0.00 12.5K Mar 6, 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 +5.09K $0.00 5.09K Mar 6, 2024 Common Stock 5.09K $11.33 Direct F3
holding INTT Employee Stock Option (Right to Buy) 2.69K Mar 6, 2024 Common Stock 2.69K $21.32 Direct F4
* 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 4,413.
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 May 8, 2024.