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ITG, Inc./DE/·4

Jul 7, 9:19 PM ET

Mecray Christopher H. 4

4 · ITG, Inc./DE/ · Filed Jul 7, 2026

Research Summary

AI-generated summary of this filing

Updated

ITG (ITG) CFO Christopher Mecray Receives RSU/PSU Awards

What Happened
Christopher H. Mecray, Chief Financial Officer of ITG, reported equity awards and a tax-withholding share disposition on July 2, 2026. He acquired 5,000 shares (vested RSUs) at $0.00 and had 1,850 shares withheld to satisfy tax obligations at $16.00/share (proceeds/withholding value $29,600). In addition, Mecray was granted three derivative award tranches of 15,000 units each (45,000 total) at $0.00 — these are performance- and service-based restricted stock units (PSUs/RSUs) that may convert to shares in the future if vesting conditions are met.

Key Details

  • Transaction date: July 2, 2026; Form 4 filed July 7, 2026 (filing marked late).
  • Acquisitions: 5,000 vested RSUs @ $0.00 (reported as acquired).
  • Tax withholding (disposition): 1,850 shares withheld @ $16.00 = $29,600 (reported as disposed to satisfy taxes).
  • Additional awards: three grants of 15,000 derivative units each (45,000 total) reported @ $0.00.
  • Shares owned after transaction: not specified in the filing.
  • Notable footnotes: withheld shares satisfy tax withholding on vested RSUs (F1); two PSU grants can pay up to 200% of grant based on performance (one tied to market price (F2), one not tied to market price and reported voluntarily (F3)); remaining 15,000 RSUs from IPO grant vest in three annual installments beginning July 2, 2027 (F4).

Context

  • The 1,850-share disposition was a tax-withholding action (routine administrative step), not an open-market sale.
  • The three 15,000-unit grants are conditional (PSUs/RSUs) and only convert to shares if performance targets and/or continued service requirements are met, so they do not represent immediately tradable shares.
  • Filing was submitted after the transaction date; late Form 4 filings can reduce the timeliness of disclosure for investors.

Insider Transaction Report

Form 4
Period: 2026-07-02
ITG, Inc./DE/ITG
Mecray Christopher H.
Chief Financial Officer
Transactions
  • Award

    Class A common stock

    2026-07-02+5,000→ 5,000 total
  • Tax Payment

    Class A common stock

    [F1]
    2026-07-02$16.00/sh−1,850$29,600→ 3,150 total
  • Award

    Performance Restricted Stock Units

    [F2]
    2026-07-02+15,000→ 15,000 total
    Exp: 2038-12-31→ Class A common stock (15,000 underlying)
  • Award

    Performance Restricted Stock Units

    [F3]
    2026-07-02+15,000→ 15,000 total
    Exp: 2038-12-31→ Class A common stock (15,000 underlying)
  • Award

    Restricted Stock Units

    [F4]
    2026-07-02+15,000→ 15,000 total
    → Class A common stock (15,000 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]20,000 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 15,000 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|2026-07-07

Documents

1 file
  • 4
    ownership.xmlPrimary

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