INTT.AMEXIntest CORP

Form 4: InTEST Corp Director Gerald J. Maginnis Acquires 9,000 Shares of Common Stock

Sentiment:

SEC Form 4 Filing

📋All filings for Intest CORP
🔒Login to Follow

Director Gerald J. Maginnis acquired 9,000 shares of InTEST Corp common stock on March 6, 2024, as part of a restricted stock issuance.

Summary

  • On March 6, 2024, Gerald J. Maginnis, a director of InTEST Corp, acquired 9,000 shares of common stock.
  • The acquisition was made through the inTEST Corporation 2023 Stock Incentive Plan.
  • These shares are restricted and will vest in four equal installments on March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024.
  • Following the transaction, Maginnis directly owns 59,750 shares of InTEST Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction of stock acquisition by a director, which is neither overtly positive nor negative.

Positives

  • The acquisition of shares by a director signals confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's stock.

Stakeholder Impact

  • Shareholders may view the director's stock acquisition as a positive sign of confidence in the company's future.

Key Dates

DateDescription
03/06/2024Date of transaction: Gerald J. Maginnis acquired 9,000 shares of common stock.
03/08/2024Date of Form 4 filing.
03/31/2024First vesting date for 25% of the restricted shares.
06/30/2024Second vesting date for 25% of the restricted shares.
09/30/2024Third vesting date for 25% of the restricted shares.
12/31/2024Final vesting date for 25% of the restricted shares.

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.