Form 4: InTEST Corp CEO Richard N. Grant, Jr. Reports Acquisition of Shares and Stock Options
SEC Form 4 Filing
Richard N. Grant, Jr., CEO of inTEST Corp, reports the acquisition of common stock and stock options, including restricted and performance-based shares, as per a recent SEC Form 4 filing.
Summary
- Richard N. Grant, Jr., the President and CEO of inTEST Corp, filed a Form 4 with the SEC on March 19, 2025.
- The filing reports transactions from March 17, 2025, involving common stock and employee stock options.
- Grant acquired 25,840 shares of common stock at $0, resulting in a total of 186,897 shares owned directly.
- He also acquired another 25,840 shares of common stock at $0, increasing his direct ownership to 212,737 shares.
- Additionally, Grant acquired 2,327 and 43,384 employee stock options with an exercise price of $7.74, vesting in installments starting March 17, 2026.
- The filing also details existing employee stock options with varying exercise prices and vesting schedules.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing compensation and stock ownership changes. The acquisition of shares could be seen as a positive signal, but it's not definitively bullish.
Positives
- The acquisition of shares by the CEO could be interpreted as a sign of confidence in the company's future prospects.
- The granting of stock options aligns management's interests with those of shareholders.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock to incentivize performance and align management's interests with those of shareholders.
- The vesting schedules and performance-based criteria for the restricted shares are typical components of executive compensation plans in publicly traded companies.
- Comparing the size and structure of Grant's compensation package to those of CEOs at similarly sized companies in the technology sector would provide a benchmark for assessing its competitiveness.
Stakeholder Impact
- Shareholders can monitor insider transactions to gauge management's confidence in the company.
- Employees may be impacted by the granting of stock options as part of their compensation packages.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Employee Stock Option ($9.76) vests in four equal annual installments commencing on this date. |
| 03/08/2024 | Employee Stock Option ($16.06) vests in four equal annual installments commencing on this date. |
| 03/06/2025 | Employee Stock Option ($11.33) vests in four equal annual installments commencing on this date. |
| 03/17/2025 | Date of earliest transaction reported; Grant acquired common stock and stock options. |
| 03/19/2025 | Date of SEC Form 4 filing. |
| 03/17/2026 | Restricted shares and some stock options vest in four equal annual installments commencing on this date. |
| 03/17/2028 | Performance-based restricted shares will vest on this date dependent upon certain performance criteria. |
| 03/09/2031 | Expiration date for Employee Stock Option ($10.62). |
| 03/08/2032 | Expiration date for Employee Stock Option ($9.76). |
| 03/07/2033 | Expiration date for Employee Stock Option ($16.06). |
| 03/05/2034 | Expiration date for Employee Stock Option ($11.33). |
| 03/16/2035 | Expiration date for Employee Stock Option ($7.74). |
Keywords
Form 4, inTEST Corp, Richard N. Grant Jr., stock options, common stock, beneficial ownership, SEC filing
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