Expro Group Holdings (NYSE: XPRO) reports stock awards, tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Expro Group Holdings’ principal accounting officer Michael Bentham reported equity compensation activity. He acquired 6,736 shares of common stock at no cost upon vesting of performance-based restricted stock units granted on February 24, 2023, which vested at 66.6% achievement. In connection with this vesting, 3,536 vested shares were disposed of to cover tax withholding obligations at a price of $18.18 per share, based on the February 23, 2026 closing price. Following these transactions, Bentham directly owns 63,041 shares, including additional restricted stock units scheduled to vest in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bentham Michael
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, nominal value Euro0.06 | 6,736 | $0.00 | -- |
| Tax Withholding | Common Stock, nominal value Euro0.06 | 3,536 | $18.18 | $64K |
Holdings After Transaction:
Common Stock, nominal value Euro0.06 — 66,577 shares (Direct)
Footnotes (1)
- Represents shares of common stock, nominal value Euro0.06 per shares, of the Issuer received upon the vesting and settlement of the performance-based restricted stock units ("PRSUs") granted on February 24, 2023, under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan. The PRSUs reported in this filing vested at 66.6% achievement. In connection with the vesting of restricted stock units ("RSUs") and PRSUs, the Issuer withheld 3,536 vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 23, 2026. Also includes (i) 2,804 RSUs that will vest on February 22, 2027, (ii) 10,956 RSUs that will vest 50% on February 22, 2027 and 50% on February 22, 2028 and (iii) 13,980 RSUs that will vest ratably in three annual installments beginning on February 22, 2027.
FAQ
What insider transactions did XPRO officer Michael Bentham report?
Michael Bentham reported receiving 6,736 Expro Group Holdings shares from vesting performance-based RSUs. At the same time, 3,536 vested shares were withheld and disposed of to satisfy tax obligations, leaving him with 63,041 directly owned shares after the transactions.
Was the XPRO insider Form 4 a stock purchase or a grant?
The Form 4 reflects a stock grant, not an open-market purchase. Bentham acquired 6,736 Expro shares at no cost from vesting performance-based restricted stock units originally granted in 2023 under the company’s 2022 Long-Term Incentive Plan.
What performance condition applied to the vested XPRO PRSUs?
The performance-based restricted stock units vested at a 66.6% achievement level. These PRSUs were granted on February 24, 2023 under Expro Group Holdings’ 2022 Long-Term Incentive Plan and settled into 6,736 shares of common stock upon vesting.
Does the XPRO Form 4 mention future restricted stock unit vesting?
Yes. Bentham’s holdings include 2,804 RSUs vesting on February 22, 2027; 10,956 RSUs vesting 50% in 2027 and 50% in 2028; and 13,980 RSUs vesting in three annual installments starting February 22, 2027.