MICHAEL P. CONNORS - 01 Jun 2024 Form 4 Insider Report for Information Services Group Inc. (III)

Signature
/s/ Michael A. Sherrick, Attorney-in-Fact
Issuer symbol
III
Transactions as of
01 Jun 2024
Net transactions value
+$375,717
Form type
4
Filing time
04 Jun 2024, 19:12:29 UTC
Previous filing
17 May 2024
Next filing
04 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Tax liability $124,282 -38,960 -0.73% $3.19 5,331,488 01 Jun 2024 Direct F1
transaction III Shares of Common Stock Award $500,000 +158,730 +3% $3.15 5,490,218 03 Jun 2024 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 +571,429 $0.000000 571,429 03 Jun 2024 Common Stock 571,429 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 in 4 equal installments on each of the first, second, third and fourth anniversaries of June 1, 2024.
F3 Represents 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 forty five-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 $6.00, 75% of the RSUs will be earned if the measured market price is $7.00 and 100% of the RSUs will be earned if the measured market price is $8.00 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 $8.00 at any time before and including the third anniversary of the award, 100% of the RSUs will be earned. Unearned RSUs will be cancelled. 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.