Information Services Group (III) CFO granted 44,776 RSUs as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sherrick Michael A. reported acquisition or exercise transactions in this Form 4 filing.
Information Services Group Inc. reported that EVP & Chief Financial Officer Michael A. Sherrick received a grant of 44,776 shares of common stock in the form of restricted stock units valued at $4.02 per share. These RSUs were granted under the company’s Amended and Restated 2007 Equity and Incentive Award Plan and will vest 100% on March 13, 2027, meaning he must remain eligible through that date to receive the full award. Following this equity grant, Sherrick directly holds 403,503 shares of the company’s common stock, reflecting his ongoing equity-based compensation rather than an open‑market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sherrick Michael A.
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Shares of Common Stock | 44,776 | $4.02 | $180K |
Holdings After Transaction:
Shares of Common Stock — 403,503 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Information Services Group (III) report for its CFO?
Information Services Group reported that EVP & Chief Financial Officer Michael A. Sherrick received a grant of 44,776 restricted stock units. The award is part of the company’s equity incentive plan and represents compensation, not an open-market stock purchase.
How many restricted stock units were granted to the III CFO and at what value?
Michael A. Sherrick was granted 44,776 restricted stock units, with a reported value of $4.02 per share. This equity award aligns his compensation with shareholder interests through stock-based incentives rather than cash payments.
When do the restricted stock units granted to the Information Services Group CFO vest?
The restricted stock units granted to the CFO will vest 100% on March 13, 2027. Full vesting on that date typically requires continued service or satisfaction of plan conditions through the vesting period.
What plan governs the restricted stock unit grant to the Information Services Group CFO?
The restricted stock unit grant was made under the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan. This plan provides stock-based compensation to align executives’ interests with long-term company performance.