Bentham Michael 4
4 · EXPRO GROUP HOLDINGS N.V. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
XPRO Principal Accounting Officer Michael Bentham Receives RSU Award
What Happened
Michael Bentham, Principal Accounting Officer of Expro Group Holdings N.V. (XPRO), was granted 13,980 restricted stock units (RSUs) on February 22, 2026. The RSUs were reported as an award (acquisition at $0.00). In connection with vesting, the company withheld 3,649 vested shares to satisfy tax withholding obligations at a withholding price of $17.79 per share (total value withheld ≈ $64,916).
Key Details
- Transaction date(s): February 22, 2026 (filed February 24, 2026).
- Award: 13,980 RSUs granted (reported as A; acquisition price $0.00).
- Tax withholding: 3,649 shares withheld (reported as F) at $17.79/share = $64,916.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- RSUs granted under the 2022 Long-Term Incentive Plan; each RSU converts to one common share upon vesting. (F1)
- Withheld shares were used to satisfy tax obligations; withholding amount based on closing price on Feb 20, 2026. (F2)
- Vesting schedule detail: includes 2,248 RSUs vesting Feb 24, 2026; 2,804 RSUs vesting Feb 22, 2027; and 10,956 RSUs vesting 50% Feb 22, 2027 and 50% Feb 22, 2028. (F3)
Context
This filing reflects a compensation award (RSUs) and routine tax withholding—common for executive equity grants—not an open-market sale or purchase. RSUs are contingent rights that convert to shares only upon vesting per the schedule above. The withheld shares represent a cashless method to cover tax liabilities and should not be interpreted as a discretionary sale indicating trading sentiment. The Form 4 was filed two days after the transaction date, consistent with typical SEC reporting timing.
Insider Transaction Report
- Award
Common Stock, nominal value Euro0.06
[F1]2026-02-22+13,980→ 63,490 total - Tax Payment
Common Stock, nominal value Euro0.06
[F2][F3]2026-02-22$17.79/sh−3,649$64,916→ 59,841 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan. Each RSU represents a contingent right to receive, upon vesting, one share of common stock, nominal value Euro0.06 per share, of the Issuer ("Common Stock"). The 13,980 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on February 22, 2027.
- [F2]In connection with the vesting of RSUs, the Issuer withheld 3,649 vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 20, 2026.
- [F3]Also includes (i) 2,248 RSUs that will vest on February 24, 2026, (ii) 2,804 RSUs that will vest on February 22, 2027 and (iii) 10,956 RSUs that will vest 50% on February 22, 2027 and 50% on February 22, 2028.