CONNORS MICHAEL P 4
4 · Information Services Group Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Information Services Group (III) 10% Owner Michael Connors Receives RSUs
What Happened
Michael P. Connors, a reported 10% owner of Information Services Group, Inc. (III), was granted equity awards on April 1, 2026. The filing shows acquisition of 130,208 restricted stock units (RSUs) with an attributable value of $499,999 (priced at $3.84 per share) and an additional 468,750 performance‑based RSUs granted with no immediate cash value (derivative award). These are awards (not open‑market purchases or sales) and represent company compensation/equity grants rather than a sale.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Award 1 (F1): 130,208 RSUs @ $3.84 each; aggregate reported value $499,999. Vesting: 4 equal annual installments on each anniversary of April 1, 2026.
- Award 2 (F2): 468,750 performance RSUs @ $0.00 reported value (derivative). Earned only if stock‑price metrics are met: 50% earned at $5.25, 75% at $6.00, 100% at $7.00 (measured as the 45‑trading‑day average up to the 3rd anniversary), with interpolation and earlier achievement triggering full payout; earned RSUs will be fully vested.
- Shares owned after transaction: not stated in the summary information provided in this notice.
- Filing notes: No 10b5‑1 plan, tax withholding, or late‑filing flag was indicated in the supplied details.
Context
These transactions are equity awards (A code) — common as compensation or long‑term incentive for significant owners/executives. The time‑based RSUs will vest over four years, while the larger tranche is performance‑contingent and may never vest if price goals are not met. Because Connors is a 10% owner, this reflects insider/institutional ownership activity, not an open‑market purchase or sale; it does not by itself signal intent to buy or sell shares on the open market.
Insider Transaction Report
- Award
Shares of Common Stock
[F1]2026-04-01$3.84/sh+130,208$499,999→ 5,213,380 total - Award
Performance Based RSUs
[F2]2026-04-01+468,750→ 468,750 totalExp: 2029-04-02→ Common Stock (468,750 underlying)
Footnotes (2)
- [F1]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.
- [F2]Represents a grant of RSUs that may be earned based on achievement of certain market price goals, which will be measured at the average closing price of the issuer's common stock over the forty-five-trading-day period prior to and including the third anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is $5.25, 75% of the RSUs will be earned if the measured market price is $6.00 and 100% of the RSUs will be earned if the measured market price is $7.00 or above, with interpolation of the number of earned RSUs between these share price points. In addition, if the measured market price meets or exceeds $7.00 at any time before and including the third anniversary of the award, 100% of the RSUs will be earned. Unearned RSUs will be canceled. 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.