ISG (NASDAQ: III) CFO granted RSUs tied to $5.25 stock price goal
Rhea-AI Filing Summary
Sherrick Michael A. reported acquisition or exercise transactions in this Form 4 filing.
Information Services Group Inc. executive vice president and chief financial officer Michael A. Sherrick reported equity compensation awards. He received 22,786 performance-based RSUs tied to common stock and 68,359 time-based RSUs on April 1, 2026.
The time-based RSUs were granted under the company’s Amended and Restated 2007 Equity and Incentive Award Plan and will vest in four equal installments on each of the first through fourth anniversaries of April 1, 2026. The performance-based RSUs may be earned if the average closing price of the common stock over any ten consecutive trading days reaches $5.25 or above within four years of the award; otherwise they are forfeited. Following the grants, Sherrick directly owns 444,611 shares of common stock.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based RSUs | 22,786 | $0.00 | -- |
| Grant/Award | Shares of Common Stock | 68,359 | $3.84 | $262K |
Footnotes (1)
- 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 April 1, 2026. Represents 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 issuer's 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 $5.25 or above. If this measured market price is not achieved by the fourth anniversary of the award, these RSUs will be forfeited. 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.