Form 4: Intest Corp CEO Richard N. Grant, Jr. Forfeits Shares Under Performance-Based Award

Richard N. Grant, Jr., President and CEO of Intest Corp, reports the forfeiture of 13,662 common stock shares due to the terms of a performance-based restricted stock award.

Summary

• On April 14, 2025, Richard N. Grant, Jr., the President and CEO of Intest Corp, forfeited 13,662 shares of common stock.
• The forfeiture was due to the terms of his performance-based restricted stock award granted on March 9, 2022.
• Following the transaction, Grant directly owns 199,075 shares of Intest Corp common stock.
• Grant also holds various employee stock options with different exercise prices and vesting schedules.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction. The forfeiture of shares could be seen as slightly negative, but it's part of a pre-existing agreement.

Negatives

• Richard N. Grant, Jr. forfeited 13,662 shares, which could be perceived negatively by investors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a change in ownership due to a performance-based award.

Stakeholder Impact

• The forfeiture of shares may have a minor impact on shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Richard N. Grant Jr., Intest Corp, INTT, Stock Options, Common Stock, Forfeiture, Performance-Based Award, CEO