Form 4: inTEST Corp Director Acquires 9,000 Shares of Common Stock
SEC Form 4 Filing
Jeffrey A. Beck, a director of inTEST Corp, acquired 9,000 shares of common stock on March 6, 2024, under the company's 2023 Stock Incentive Plan.
Summary
- On March 6, 2024, Jeffrey A. Beck, a director of inTEST Corp, acquired 9,000 shares of common stock.
- The acquisition was made pursuant to the inTEST Corporation 2023 Stock Incentive Plan.
- The shares were acquired at a price of $0.
- These shares are restricted and will vest 25% on each of the following dates: March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024.
- Following the transaction, Beck directly owns 58,500 shares of inTEST Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by a company director. The acquisition of shares can be seen as a slightly positive sign, but it's not a major event.
Positives
- A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Director acquired 9,000 shares of common stock. |
| 03/08/2024 | Date of Form 4 filing. |
| 03/31/2024 | First vesting date for 25% of the acquired shares. |
| 06/30/2024 | Second vesting date for 25% of the acquired shares. |
| 09/30/2024 | Third vesting date for 25% of the acquired shares. |
| 12/31/2024 | Final vesting date for 25% of the acquired shares. |
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