Expro (NYSE: XPRO) accounting chief adds ESPP shares and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EXPRO GROUP HOLDINGS N.V. Principal Accounting Officer Michael Bentham acquired 877 shares of common stock through the company’s Employee Stock Purchase Plan for the period from January 1, 2026 through June 30, 2026.
The shares were bought at 85% of the December 31, 2025 closing price, and his direct holdings after this transaction total 63,918 shares, including restricted stock units scheduled to vest between February 22, 2027 and February 22, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bentham Michael
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, nominal value Euro0.06 | 877 | $13.35 | $12K |
Holdings After Transaction:
Common Stock, nominal value Euro0.06 — 63,918 shares (Direct, null)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of common stock pursuant to the Issuer's Employee Stock Purchase Plan (the "ESPP") for the period January 1, 2026 through June 30, 2026. This transaction is exempt under Rule 16(b)-3(c). In accordance with the ESPP, these shares were purchased at 85% of the closing price of the Issuer's common stock on December 31, 2025. 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.
Key Figures
ESPP shares acquired: 877 shares
Transaction price per share: $13.35 per share
Post-transaction holdings: 63,918 shares
+4 more
7 metrics
ESPP shares acquired
877 shares
Employee Stock Purchase Plan period Jan 1, 2026–Jun 30, 2026
Transaction price per share
$13.35 per share
Price reported for 877 acquired shares
Post-transaction holdings
63,918 shares
Total direct common stock holdings after ESPP acquisition
ESPP discount
85% of closing price
Based on December 31, 2025 Expro common stock close
RSUs vesting on Feb 22, 2027
2,804 RSUs
Single-tranche RSUs vesting on February 22, 2027
Two-tranche RSUs
10,956 RSUs
Vests 50% on Feb 22, 2027 and 50% on Feb 22, 2028
Three-year RSU grant
13,980 RSUs
Vests ratably in three annual installments from Feb 22, 2027
Key Terms
Employee Stock Purchase Plan, ESPP, Rule 16(b)-3(c), RSUs, +1 more
5 terms
Employee Stock Purchase Plan financial
"acquisition of common stock pursuant to the Issuer's Employee Stock Purchase Plan (the "ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"In accordance with the ESPP, these shares were purchased at 85% of the closing price"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Rule 16(b)-3(c) regulatory
"This transaction is exempt under Rule 16(b)-3(c)."
RSUs financial
"Also includes (i) 2,804 RSUs that will vest on February 22, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Principal Accounting Officer financial
"Bentham Michael ... officer_title": "Principal Accounting Officer""
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
FAQ
What did Expro (XPRO) officer Michael Bentham report in this Form 4?
Michael Bentham, Principal Accounting Officer of Expro, reported acquiring 877 shares of common stock through the company’s Employee Stock Purchase Plan. This covers the purchase period from January 1, 2026 through June 30, 2026 and reflects a routine compensation-related acquisition.
What restricted stock units (RSUs) are included in Michael Bentham’s Expro (XPRO) holdings?
His holdings include 2,804 RSUs vesting on February 22, 2027, 10,956 RSUs vesting 50% on February 22, 2027 and 50% on February 22, 2028, and 13,980 RSUs vesting in three annual installments starting February 22, 2027, all subject to continued service conditions.
Is Michael Bentham’s Expro (XPRO) ESPP acquisition an open-market purchase?
No, the acquisition is through Expro’s Employee Stock Purchase Plan and is coded as a grant or award acquisition. The transaction is exempt under Rule 16(b)-3(c), meaning it is treated as a routine, board-approved employee benefit rather than a discretionary open-market trade.