Form 4: Intest Corp CFO Duncan Gilmour Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Duncan Gilmour, CFO, Treasurer, and Secretary of Intest Corp, reports the forfeiture of 6,831 common stock shares and ongoing beneficial ownership of common stock and employee stock options.
Summary
- On April 14, 2025, Duncan Gilmour, the CFO, Treasurer, and Secretary of Intest Corp, filed a Form 4.
- The report details changes in his beneficial ownership of Intest Corp securities.
- Mr. Gilmour forfeited 6,831 shares of common stock due to the terms of his performance-based restricted stock award granted on March 9, 2022.
- Following the transaction, Mr. Gilmour directly owns 61,104 shares of common stock and indirectly owns 200 shares through his spouse.
- He also holds various employee stock options with different exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing changes in stock ownership. The forfeiture of shares is a negative, but it's part of a pre-existing agreement.
Negatives
- Duncan Gilmour forfeited 6,831 shares of common stock.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings and transactions in the company's stock.
Stakeholder Impact
- The forfeiture of shares by a key executive could be perceived negatively by shareholders, although it is part of a pre-existing agreement.
Key Dates
| Date | Description |
|---|---|
| March 9, 2022 | Date of performance-based restricted stock award grant. |
| June 14, 2022 | Commencement date for vesting of employee stock option with exercise price of $16.8. |
| March 9, 2023 | Commencement date for vesting of employee stock option with exercise price of $9.76. |
| March 8, 2024 | Commencement date for vesting of employee stock option with exercise price of $16.06. |
| March 6, 2025 | Commencement date for vesting of employee stock option with exercise price of $11.33. |
| April 14, 2025 | Date of transaction (stock forfeiture) and filing of Form 4. |
| March 17, 2026 | Commencement date for vesting of employee stock options with exercise price of $7.74. |
| March 07, 2033 | Expiration date for employee stock option with exercise price of $16.06. |
| March 05, 2034 | Expiration date for employee stock option with exercise price of $11.33. |
| March 16, 2035 | Expiration date for employee stock options with exercise price of $7.74. |
Keywords
Form 4, Beneficial Ownership, Duncan Gilmour, Intest Corp, INTT, CFO, Stock Options, Common Stock, Forfeiture
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.