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ITG, Inc./DE/·4

Jul 7, 9:18 PM ET

Parrott Andrew 4

4 · ITG, Inc./DE/ · Filed Jul 7, 2026

Research Summary

AI-generated summary of this filing

Updated

ITG CEO Andrew Parrott Receives RSU/PSU Awards

What Happened

  • Andrew Parrott, CEO of ITG, received equity awards on July 2, 2026 consisting of: 15,625 shares (vested RSUs reported) plus three derivative awards of 46,875 shares each (PSU/derivative awards). Total reported acquisitions on that date equal 156,250 shares (awards granted at $0 acquisition price).
  • To cover tax withholding on the vested portion, 5,782 shares were withheld/disposed at $16.00 per share for proceeds of $92,512 (reported as a disposition under tax-withholding code F).

Key Details

  • Transaction date: July 2, 2026; Form filed: July 7, 2026 (period of report = 7/2/2026).
  • Award price: $0 (compensation grants). Withheld shares sold/disposed at $16.00 each, net $92,512.
  • Shares owned after transaction: not specified in the supplied data — see the filed Form 4 for held position.
  • Notable footnotes:
    • F1: The 5,782-share disposition represents issuer withholding to satisfy tax obligations.
    • F2/F3: PSUs reported may pay up to 200% of the target amount on vesting and are performance-based (one PSU set is tied to market-price performance, another is tied to other performance criteria).
    • F4: 62,500 RSUs were originally granted in connection with the IPO; 25% (15,625) vested upon grant and the remaining RSUs vest over anniversaries subject to continued service.
  • Filing timeliness: Form filed July 7 for the July 2 transaction; the supplied data does not flag a late filing.

Context

  • These transactions are compensation-related awards (RSUs/PSUs) and a routine tax-withholding disposition — not an open-market sale or purchase that signals buying/selling intent.
  • PSUs are performance-contingent and may convert to a larger number of shares (up to 200% of target) depending on achievement of specified goals, so the reported derivative amounts reflect potential future share delivery.

Insider Transaction Report

Form 4
Period: 2026-07-02
ITG, Inc./DE/ITG
Parrott Andrew
DirectorChief Executive Officer
Transactions
  • Award

    Class A common stock

    2026-07-02+15,625→ 15,625 total
  • Tax Payment

    Class A common stock

    [F1]
    2026-07-02$16.00/sh−5,782$92,512→ 9,843 total
  • Award

    Performance Restricted Stock Units

    [F2]
    2026-07-02+46,875→ 46,875 total
    Exp: 2038-12-31→ Class A common stock (46,875 underlying)
  • Award

    Performance Restricted Stock Units

    [F3]
    2026-07-02+46,875→ 46,875 total
    Exp: 2038-12-31→ Class A common stock (46,875 underlying)
  • Award

    Restricted Stock Units

    [F4]
    2026-07-02+46,875→ 46,875 total
    → Class A common stock (46,875 underlying)
Footnotes (4)
  • [F1]Represents shares of Class A common stock ("Class A Common Stock") withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person arising in connection with the grant and settlement of fully vested restricted stock units ("RSUs").
  • [F2]Represents performance restricted stock units ("PSUs") that entitle the Reporting Person to receive, upon vesting, shares of Class A Common Stock in an amount up to 200% of the PSU grant amount (or, in the Issuer's discretion, the equivalent cash value thereof). The PSUs vest upon achievement of certain performance criteria tied to the market price of the Class A Common Stock, subject to the Reporting Person's continued service through such vesting date.
  • [F3]Represents PSUs that entitle the Reporting Person to receive, upon vesting, shares of Class A Common Stock in an amount up to 200% of the PSU grant amount (or, in the Issuer's discretion, the equivalent cash value thereof). The PSUs vest upon achievement of certain performance criteria which are not tied to the market price of the Class A Common Stock, subject to the Reporting Person's continued service through such vesting date. Accordingly, the reported securities are being reported on this Form 4 on a voluntary basis.
  • [F4]62,500 RSUs were granted to the Reporting Person in connection with the Issuer's initial public offering. Each RSU represents a contingent right to receive one share of Class A Common Stock upon vesting (or, in the Issuer's discretion, the equivalent cash value thereof). 25% of the RSUs were vested upon grant and are reported in Table I hereof. The remaining 46,875 RSUs shall vest in three equal installments on the first, second and third anniversaries of July 2, 2026, subject to the Reporting Person's continued service through such vesting dates.
Signature
/s/ Christopher H. Mecray, as attorney-in-fact for Andrew D. Parrott|2026-07-07

Documents

1 file
  • 4
    ownership.xmlPrimary

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