MICHAEL P. CONNORS - 01 Jun 2022 Form 4 Insider Report for Information Services Group Inc. (III)

Role: CHAIRMAN & CEO, Director, 10%+ Owner
Signature: /s/ Humberto P. Alfonso, Attorney-in-Fact
Issuer symbol: III
Transactions as of: 01 Jun 2022
Net transactions value: +$558,986
Form type: 4
Filing time: 03 Jun 2022, 16:56:29 UTC
Previous filing: 23 May 2022
Next filing: 03 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	III	Shares of Common Stock	Award	$649,998	+98,187	+1.8%	$6.62	5,638,364	01 Jun 2022	Direct	F1
transaction	III	Shares of Common Stock	Tax liability	$91,012	-13,748	-0.24%	$6.62	5,624,616	01 Jun 2022	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	III	Performance Based RSUs	Award	$0	+196,375		$0.000000	196,375	01 Jun 2022	Common Stock	196,375		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units (RSUs) granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of June 1, 2022.
F2	Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
F3	Represents a grant of RSUs that may be earned based on achievement of market price goals, which will be measured at the average closing price of the Issuer's common stock over the ten-trading-day period prior to and including the third anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is $9.00 and 100% of the RSUs will be earned if the measured market price is $13.00 or above, with interpolation of the number of earned RSUs if the measured market price is between $9.00 and $13.00. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. Once determined, any such earned RSUs will be fully vested.