MICHAEL P. CONNORS - 01 Jun 2023 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 2023
Net transactions value: +$372,892
Form type: 4
Filing time: 05 Jun 2023, 16:29:45 UTC
Previous filing: 19 May 2023
Next filing: 23 Jun 2023
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	$499,999	+98,814	+1.7%	$5.06	5,822,362	01 Jun 2023	Direct	F1
transaction	III	Shares of Common Stock	Tax liability	$127,107	-25,120	-0.43%	$5.06	5,797,242	01 Jun 2023	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	+355,731		$0.000000	355,731	01 Jun 2023	Common Stock	355,731		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, 2023.
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 RSUs issued in accordance with Rule 16b-3
F3	Represent a grant of RSUs that may be earned based on achievement of certain 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 $7.00, 75% of the RSUs will be earned if the measured market price is $8.50 and 100% of the RSUs will be earned if the measured market price is $9.00 or above, with interpolation of the number of earned RSUs between these share price points. In addition, if the measured market price meets or exceeds $9.00 at anytime before and including the third anniversary of the award, 100% of the RSUs will be earned. 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.