Amendment No. 4, dated January 1, 2025, to the Employment Agreement for Michael P. Connors

Exhibit 10.1

INFORMATION SERVICES GROUP, INC.

Amendment No. 4 to the
Employment Agreement for Michael P. Connors

This Amendment No. 4 (this “Amendment”) to the Employment Agreement by and between Information Services Group, Inc., a Delaware corporation (“ISG” or the “Company”), and Michael P. Connors (“Executive”) is effective as of January 1, 2025. Capitalized terms used but not defined herein shall have the meaning set forth in the Employment Agreement (as defined below).

W I T N E S S E T H

WHEREAS, Executive and the Company previously entered into that certain Employment Agreement, dated as of December 16, 2011 (as amended, the “Employment Agreement”).

WHEREAS, Executive and the Company previously entered into that certain Amendment No. 1, dated December 10, 2013 (the “First Extension”).

WHEREAS, Executive and the Company previously entered into that certain Amendment No. 2, dated December 16, 2016 (the “Second Extension”).

WHEREAS, Executive and the Company previously entered into that certain Amendment No. 3, dated December 30, 2020 (the “Third Extension”).

WHEREAS the Company and Executive desire to extend the Term of the Employment Agreement until December 31, 2029 (the “Fourth Extension”).

WHEREAS, in consideration for the Fourth Extension, the Compensation Committee of the Board of Directors of the Company will (i) grant to Executive on January 2, 2025 $350,000 face value of restricted stock units (based on the closing price of ISG’s common stock on January 2, 2025), which will vest if, over any 45-day period, the average closing price of ISG’s common stock is at least 20% higher than the closing stock price on December 31, 2024 (provided that this grant will expire unvested if this target is not reached by December 31, 2027) (such grant, the “Performance Grant”); and (ii) pay a cash payment of $500,000 if the Company’s reported Adjusted EBITDA (as reported in the Company’s periodic filings with the Securities and Exchange Commission) in 2025, 2026 or 2027 is at least 50% higher than the reported Adjusted EBITDA for 2024 (provided that (x) if this condition is met, this payment would be made on or about March 31 of the following year and (y) if this condition is not met by December 31, 2027, the incentive will be forfeited) (such contingent payment, the “Contingent Bonus”).

NOW, THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, and other good and valuable consideration the receipt and adequacy of which the Company and Executive each hereby acknowledge, the Company and Executive hereby agree as follows:

The date “December 31, 2025” in Section 2 of the Employment Agreement is hereby deleted and replaced with “December 31, 2029.”

The Company shall cause the Performance Grant to be issued on January 2, 2025 with the performance vesting set forth therein, and the Company shall make pay the Contingent Bonus if the performance threshold described herein is satisfied.

IN WITNESS WHEREOF, the Company and Executive have duly executed and delivered this Amendment as of the date first written above.