Michael P. Connors - Jun 1, 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
Stock symbol
III
Transactions as of
Jun 1, 2022
Transactions value $
$558,986
Form type
4
Date filed
6/3/2022, 04:56 PM
Previous filing
May 23, 2022
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Award $650K +98.2K +1.77% $6.62 5.64M Jun 1, 2022 Direct F1
transaction III Shares of Common Stock Tax liability -$91K -13.7K -0.24% $6.62 5.62M Jun 1, 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 +196K $0.00 196K Jun 1, 2022 Common Stock 196K 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.