Michael A. Sherrick - Sep 1, 2023 Form 4 Insider Report for Information Services Group Inc. (III)

Signature
/s/ Michael A. Sherrick, Attorney-in-Fact
Stock symbol
III
Transactions as of
Sep 1, 2023
Transactions value $
$871,500
Form type
4
Date filed
9/6/2023, 05:05 PM
Previous filing
Aug 15, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Award $263K +51.6K +133.74% $5.09 90.1K Sep 1, 2023 Direct F1
transaction III Shares of Common Stock Award $509K +100K +110.95% $5.09 190K Sep 1, 2023 Direct F2
transaction III Share of Common Stock Award $100K +19.6K +10.33% $5.09 210K Sep 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 +17.2K $0.00 17.2K Sep 1, 2023 Common Stock 17.2K 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 September 1, 2023.
F2 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 on of September 1, 2026.
F3 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 on September 1, 2024.
F4 Represents a grant of RSUs that may be earned based on the achievement of market price goals, which will be measured at 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.