Expro Group (NYSE: XPRO) director receives 8,907 RSUs as annual board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drummond Robert Wayne Jr reported acquisition or exercise transactions in this Form 4 filing.
EXPRO GROUP HOLDINGS N.V. director Robert Wayne Drummond Jr. received a grant of 8,907 restricted stock units as annual compensation for serving as a non-employee board member. Each unit represents the right to receive one share of common stock when it vests on June 1, 2027.
Following this award, Drummond is shown as holding 95,192 shares of common stock. The grant was made at no cash cost to him, reflecting stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drummond Robert Wayne Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, nominal value Euro0.06 | 8,907 | $0.00 | -- |
Holdings After Transaction:
Common Stock, nominal value Euro0.06 — 95,192 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 8,907 units
Shares after transaction: 95,192 shares
RSU vesting date: June 1, 2027
+1 more
4 metrics
RSUs granted
8,907 units
Annual compensation grant to non-employee director
Shares after transaction
95,192 shares
Total common stock holdings following RSU grant
RSU vesting date
June 1, 2027
Vesting date for 8,907 restricted stock units
Transaction price per share
$0.00
Compensation grant, not an open-market purchase
Key Terms
restricted stock units ("RSUs"), 2022 Long-Term Incentive Plan, contingent right to receive, non-employee members of the Board of Directors
4 terms
restricted stock units ("RSUs") financial
"Represents 8,907 restricted stock units ("RSUs") granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Long-Term Incentive Plan financial
"granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan as annual compensation"
contingent right to receive financial
"Each RSU represents a contingent right to receive, upon vesting, one share of common stock"
non-employee members of the Board of Directors financial
"as annual compensation to the non-employee members of the Board of Directors of the Issuer"
FAQ
What insider transaction did EXPRO GROUP HOLDINGS N.V. (XPRO) report?
EXPRO GROUP HOLDINGS N.V. reported a stock-based compensation grant to director Robert Wayne Drummond Jr. He received 8,907 restricted stock units as annual compensation for board service, each convertible into one share of common stock upon vesting on June 1, 2027.
When do the newly granted EXPRO (XPRO) RSUs vest?
The 8,907 restricted stock units granted to Robert Wayne Drummond Jr. vest on June 1, 2027. At that time, each vested unit entitles him to receive one share of EXPRO common stock, subject to the terms of the 2022 Long-Term Incentive Plan.
Was the EXPRO (XPRO) Form 4 a market purchase or sale?
The Form 4 does not report a market purchase or sale. Instead, it shows a compensation-related acquisition coded as a grant of 8,907 restricted stock units to a non-employee director, with no cash price per share indicated for the transaction.