Todd D. Lavieri - Jun 1, 2023 Form 4 Insider Report for Information Services Group Inc. (III)

Role
VICE CHAIRMAN
Signature
/s/ Humberto P. Alfonso, Attorney-in-Fact
Stock symbol
III
Transactions as of
Jun 1, 2023
Transactions value $
$290,409
Form type
4
Date filed
6/5/2023, 04:30 PM
Previous filing
Mar 16, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Award $356K +70.4K +7.69% $5.06 986K Jun 1, 2023 Direct F1, F2
transaction III Shares of Common Stock Tax liability -$65.8K -13K -1.32% $5.06 973K Jun 1, 2023 Direct F3

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 +23.5K $0.00 23.5K Jun 1, 2023 Common Stock 23.5K Direct F4
* 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 Includes 742 shares acquired under the Information Services Group, Inc. Amended and Restated 2007 Employee Stock Purchase Plan.
F3 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.
F4 Represent a grant of RSUs that may be earned based on the achievement of market price goals, which will be measured as the average closing price of ISGs common stock over any ten consecutive trading day period beginning with the first anniversary of the award. 100% of the number of RSUs will be earned if the measured market price is $7.00 or above. If this measured market price is not achieved by the fourth anniversary of the award, these RSUs will be forfeited.