Stewart R. Massey - Jun 5, 2024 Form 4 Insider Report for INNODATA INC (INOD)

Role
Director
Signature
/s/ Amy Agress Attorney-in fact for Stewart R. Massey
Stock symbol
INOD
Transactions as of
Jun 5, 2024
Transactions value $
$0
Form type
4
Date filed
6/6/2024, 04:16 PM
Previous filing
Dec 29, 2023
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INOD Common Stock Award $0 +8.28K +48.74% $0.00 25.3K Jun 5, 2024 Direct F1
holding INOD Common Stock 23K Jun 5, 2024 SEP IRA
holding INOD Common Stock 500 Jun 5, 2024 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent restricted stock units ("RSUs") that will vest 100% on the earlier to occur of (i) one year from date of grant, and (ii) the date of Innodata Inc.'s 2025 annual meeting of stockholders and will be settled into shares of Innodata's common stock upon vesting. Pursuant to the Company's deferred compensation program, upon vesting the shares will be subject to a deferred payment date. The deferred payment date will be the first to occur of (i) the reporting person's separation from service, death or disability, (ii) a change of control (as defined in the Company's 2021 Equity Compensation Plan), or (iii) the fifth anniversary of the date of grant.
F2 These shares are held in trust for the benefit of one of the reporting person's children. The reporting person's spouse is the trustee of the trust.