Parrott Andrew 4

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.