Board exit leads XPEL, Inc. (XPEL) director to forfeit 1,765 RSUs
Rhea-AI Filing Summary
Thornton Mark Andrew reported disposition transactions in this Form 4 filing.
XPEL, Inc. director Mark Andrew Thornton reported the forfeiture of 1,765 restricted stock units previously granted under the XPEL 2020 Equity Incentive Plan. The RSUs, scheduled to vest quarterly beginning September 10, 2026, were cancelled in full for no consideration upon his Board resignation effective July 30, 2026, and no common shares were issued.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thornton Mark Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units F1, F2 | 1,765 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct)
Footnotes (2)
- F1. Represents the forfeiture of 1,765 restricted stock units (RSUs) previously granted to the reporting person on June 10, 2026 pursuant to the XPEL 2020 Equity Incentive Plan. The RSUs were scheduled to vest in four equal quarterly installments of 441 units each (with a final installment of 442 units) commencing on September 10, 2026, subject to continued service through each vesting date. As a result of the reporting person's resignation from the Board of Directors effective July 30, 2026, all 1,765 RSUs were forfeited to the Company in their entirety, unvested, for no consideration. No shares of common stock were issued in connection with this transaction.
- F2. The RSUs were forfeited prior to any vesting event. The concepts of "date exercisable" and "expiration date" are not applicable as the award was cancelled in full upon the reporting person's termination of service before the first vesting date of September 10, 2026.
Key Figures
Restricted stock units forfeited: 1,765 units
Original RSU grant date: June 10, 2026
First scheduled vesting date: September 10, 2026
+3 more
6 metrics
Restricted stock units forfeited
1,765 units
Unvested RSUs forfeited to the company upon Board resignation effective July 30, 2026
Original RSU grant date
June 10, 2026
Grant date of the 1,765 RSUs under the XPEL 2020 Equity Incentive Plan
First scheduled vesting date
September 10, 2026
RSUs were scheduled to begin vesting on this date in quarterly installments
Quarterly vesting installment size
441 units
Three scheduled quarterly installments of 441 RSUs each before a final 442-unit installment
Final vesting installment size
442 units
Final scheduled quarterly installment for the RSU award, which never vested
Common shares issued from transaction
0 shares
No XPEL common stock was issued in connection with the RSU forfeiture
Key Terms
Restricted Stock Units, XPEL 2020 Equity Incentive Plan, forfeiture, vesting date, +1 more
5 terms
Restricted Stock Units financial
"Represents the forfeiture of 1,765 restricted stock units (RSUs) previously granted"
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.
XPEL 2020 Equity Incentive Plan financial
"previously granted to the reporting person on June 10, 2026 pursuant to the XPEL 2020 Equity Incentive Plan"
forfeiture financial
"Represents the forfeiture of 1,765 restricted stock units (RSUs) previously granted"
vesting date financial
"subject to continued service through each vesting date"
expiration date financial
"The concepts of "date exercisable" and "expiration date" are not applicable"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Mark Andrew Thornton report in his XPEL (XPEL) Form 4 filing?
He reported the forfeiture of 1,765 restricted stock units (RSUs) previously granted under the XPEL 2020 Equity Incentive Plan. The RSUs were unvested and were cancelled in full, for no consideration, when he resigned from XPEL’s Board of Directors effective July 30, 2026.
How many RSUs did the XPEL (XPEL) director forfeit in this Form 4?
The filing states that Mark Andrew Thornton forfeited 1,765 restricted stock units. These RSUs were originally granted on June 10, 2026 and were subject to a quarterly vesting schedule, but all units were cancelled before any vesting occurred due to his Board resignation.
Why were Mark Andrew Thornton’s XPEL (XPEL) RSUs forfeited?
The RSUs were forfeited because of his resignation from the Board of Directors effective July 30, 2026. The award required continued service through each vesting date, and his termination of service before the first vesting date caused all 1,765 unvested RSUs to be cancelled.
What was the vesting schedule for the forfeited XPEL (XPEL) RSUs?
The 1,765 RSUs were scheduled to vest in four quarterly installments: 441 units each for the first three installments and 442 units for the final one. Vesting was to commence on September 10, 2026 and required continued service through each vesting date.