Expro Group (NYSE: XPRO) director receives 8,907 RSU board award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arbeter Eitan reported acquisition or exercise transactions in this Form 4 filing.
EXPRO GROUP HOLDINGS N.V. director Eitan Arbeter reported an equity compensation grant linked to his board service. He was awarded 8,907 restricted stock units (RSUs) under the company’s 2022 Long-Term Incentive Plan as annual compensation to non-employee directors. Each RSU represents a contingent right to receive one share of common stock and will vest on June 1, 2027. According to the disclosure, the RSUs are held for the benefit of certain clients of Oak Hill Advisors, where Arbeter is an employee. Following this award, Arbeter’s reported direct common stock holdings total 64,200 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arbeter Eitan
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 — 64,200 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 8,907 units
Vesting date: June 1, 2027
Post-transaction holdings: 64,200 shares
+2 more
5 metrics
RSUs granted
8,907 units
Restricted stock units granted as annual director compensation
Vesting date
June 1, 2027
RSUs vest on this date
Post-transaction holdings
64,200 shares
Common stock held directly after reported award
Transaction price per share
$0.0000
Equity award, no cash paid per share
Transaction direction
1 acquisition
Form 4 transaction classified as grant/award acquisition
Key Terms
restricted stock units ("RSUs"), 2022 Long-Term Incentive Plan, beneficial owner, pecuniary interest, +1 more
5 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 to Mr. Arbeter"
beneficial owner regulatory
"Mr. Arbeter is a beneficial owner of certain securities of the Issuer to the extent of his pecuniary interest therein"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"beneficial owner of certain securities of the Issuer to the extent of his pecuniary interest therein"
Section 16 regulatory
"for the purposes of Section 16 of the Act of otherwise, a beneficial owner"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Eitan Arbeter report in his latest Form 4 for XPRO?
He reported receiving 8,907 restricted stock units as annual compensation for serving on Expro Group’s board. Each RSU can convert into one common share upon vesting, reflecting routine equity-based director compensation under the company’s 2022 Long-Term Incentive Plan.
How many Expro Group (XPRO) RSUs were granted to Eitan Arbeter?
He was granted 8,907 restricted stock units. These RSUs were issued under Expro Group’s 2022 Long-Term Incentive Plan as annual compensation to non-employee directors and represent a contingent right to receive an equivalent number of common shares upon vesting.
When do Eitan Arbeter’s XPRO restricted stock units vest?
The 8,907 restricted stock units granted to Eitan Arbeter vest on June 1, 2027. Vesting means he can then receive one share of Expro Group common stock for each RSU, subject to the plan’s terms and any applicable ownership policies.
Who ultimately benefits from Eitan Arbeter’s XPRO RSU grant?
The filing states the RSUs are held for the benefit of certain clients of Oak Hill Advisors, Arbeter’s employer. Under Rule 16a-1, he is treated as a beneficial owner to the extent of any pecuniary interest, but the economic benefit is allocated to those clients.