Expro officer awarded shares; some withheld for taxes
Expro Group Holdings’ principal accounting officer Michael Bentham reported equity compensation activity.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, nominal value Euro0.06 | 6,736 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, nominal value Euro0.06 | 3,536 | $18.18 | $64K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did XPRO officer Michael Bentham report?
Was the XPRO insider Form 4 a stock purchase or a grant?
What performance condition applied to the vested XPRO PRSUs?
Does the XPRO Form 4 mention future restricted stock unit vesting?
AI-generated analysis. How Rhea-AI works. Not financial advice.