STOCK TITAN

XPEL (NASDAQ: XPEL) director receives 1,765 RSUs vesting through 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Thornton Mark Andrew reported acquisition or exercise transactions in this Form 4 filing.

XPEL, Inc. director Mark Andrew Thornton received a grant of 1,765 restricted stock units (RSUs) as equity compensation. Each RSU represents the right to receive one share of XPEL common stock. The award vests in quarterly installments over one year, with final vesting on June 10, 2027, assuming continuous service. Following this grant, Thornton holds 1,765 RSUs directly, and no open-market share purchases or sales were reported.

Positive

  • None.

Negative

  • None.
Insider Thornton Mark Andrew
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,765 $45.31 $80K
Holdings After Transaction: Restricted Stock Units — 1,765 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock. On June 10, 2026, the Reporting Person was granted 1,765 RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, these RSUs will vest in quarterly installments over a one-year period with a final vesting date of June 10, 2027.
RSUs granted 1,765 units Grant to director on June 10, 2026
Grant-date value per share $45.31 per unit Reported transaction price for RSU award
Underlying common shares 1,765 shares Each RSU represents one share of XPEL common stock
Vesting period end June 10, 2027 Final vesting date for RSUs, quarterly installments
Holdings after transaction 1,765 RSUs Total restricted stock units held directly post-grant
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
XPEL 2020 Equity Incentive Plan financial
"granted 1,765 RSUs pursuant to the XPEL 2020 Equity Incentive Plan"
vest financial
"these RSUs will vest in quarterly installments over a one-year period"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"Provided the reporting person remains in continuous service, these RSUs will vest"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Thornton Mark Andrew

(Last)(First)(Middle)
711 BROADWAY
SUITE 320

(Street)
SAN ANTONIO TEXAS 78215

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
XPEL, Inc. [ XPEL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/10/2026A1,765 (2) (2)Common Stock1,765$45.311,765D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
2. On June 10, 2026, the Reporting Person was granted 1,765 RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, these RSUs will vest in quarterly installments over a one-year period with a final vesting date of June 10, 2027.
Remarks:
/s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did XPEL (XPEL) report for Mark Andrew Thornton?

XPEL reported that director Mark Andrew Thornton received a grant of 1,765 restricted stock units. These RSUs are equity compensation, not an open-market share purchase or sale, and each unit represents the right to receive one share of XPEL common stock in the future.

How many XPEL (XPEL) restricted stock units were granted in this Form 4?

The Form 4 shows a grant of 1,765 restricted stock units to director Mark Andrew Thornton. Each RSU corresponds to one share of XPEL common stock, providing stock-based compensation tied to his continued service on the company’s board over the vesting period.

What is the vesting schedule for Mark Andrew Thornton’s XPEL (XPEL) RSU grant?

The 1,765 RSUs granted to Mark Andrew Thornton vest in quarterly installments over one year. Vesting concludes on June 10, 2027, provided he remains in continuous service, meaning portions of the award become deliverable as XPEL common shares each quarter until that date.

Was the XPEL (XPEL) Form 4 transaction an open-market stock purchase or sale?

The Form 4 reflects a grant of restricted stock units, not an open-market purchase or sale of XPEL shares. RSU awards are compensation granted by the company and typically convert into common stock over time as vesting conditions, such as continued service, are satisfied by the recipient.

Under which plan were the XPEL (XPEL) RSUs granted to Mark Andrew Thornton?

The 1,765 RSUs were granted under the XPEL 2020 Equity Incentive Plan. This plan, approved by the board and stockholders, allows the company to award stock-based compensation such as restricted stock units to directors and other participants to align their interests with shareholders.

How many XPEL (XPEL) RSUs does Mark Andrew Thornton hold after this transaction?

After the June 10, 2026 grant, Mark Andrew Thornton holds 1,765 restricted stock units directly. These RSUs represent a right to receive an equal number of XPEL common shares as they vest in quarterly installments through the final vesting date of June 10, 2027.