Board member at Expro (NYSE: XPRO) receives 8,907-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truelove Brian D. reported acquisition or exercise transactions in this Form 4 filing.
EXPRO GROUP HOLDINGS N.V. director Brian D. Truelove received an equity award as part of his annual board compensation. He was granted 8,907 restricted stock units under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan, with no cash paid per unit.
Each RSU represents the right to receive one share of common stock when it vests. The RSUs vest on June 1, 2027. Following this grant, Truelove directly holds 56,570 shares of the company’s common stock, reflecting a routine compensation-related increase in his equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truelove Brian D.
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 — 56,570 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 8,907 RSUs
Vesting date: June 1, 2027
Post-transaction holdings: 56,570 shares
+1 more
4 metrics
RSU grant size
8,907 RSUs
Annual compensation award to non-employee director
Vesting date
June 1, 2027
RSUs vesting schedule for granted units
Post-transaction holdings
56,570 shares
Common stock directly held after the grant
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Key Terms
restricted stock units, 2022 Long-Term Incentive Plan, annual compensation, non-employee members of the Board of Directors, +1 more
5 terms
restricted stock units financial
"Represents 8,907 restricted stock units ("RSUs") granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan"
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.
2022 Long-Term Incentive Plan financial
"granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan as annual compensation"
annual compensation financial
"as annual compensation to the non-employee members of the Board of Directors"
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"
contingent right financial
"Each RSU represents a contingent right to receive, upon vesting, one share of common stock"
FAQ
What did Expro (XPRO) director Brian D. Truelove report in this Form 4?
Brian D. Truelove reported receiving a grant of 8,907 restricted stock units (RSUs) in Expro Group Holdings N.V. common stock as part of his annual compensation for serving as a non-employee member of the Board of Directors.
When do Brian D. Truelove’s 8,907 Expro (XPRO) RSUs vest?
The 8,907 restricted stock units granted to Brian D. Truelove vest on June 1, 2027. On that date, each vested RSU is scheduled to convert into one share of Expro common stock, assuming all vesting conditions are satisfied.
What is the nature of the equity award reported for Expro (XPRO) director Brian D. Truelove?
The filing shows a grant/award acquisition coded as “A,” meaning Truelove received 8,907 RSUs as non-cash compensation. The transaction price per share is reported as 0.0000, indicating a compensation grant rather than a market purchase.
Under which plan were the 8,907 Expro (XPRO) RSUs granted to Brian D. Truelove?
The 8,907 restricted stock units were granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan. This plan provides equity-based awards, such as RSUs, to eligible participants, including non-employee members of the company’s Board of Directors.