Jardon Michael 4
Research Summary
AI-generated summary
Expro Group (XPRO) CEO Michael Jardon Receives RSU Award
What Happened
Michael Jardon, President & CEO and a director of Expro Group Holdings N.V. (XPRO), was granted 109,211 restricted stock units (RSUs) on February 22, 2026 (transaction code A). Concurrently, 27,502 vested shares were withheld to satisfy tax withholding obligations (transaction code F) at an effective price of $17.79 per share, producing a withholding value of approximately $489,261. The RSUs were granted at $0.00 per share (award).
Key Details
- Transaction date: February 22, 2026 (Form 4 filed February 24, 2026). No late filing indicated.
- Grant: 109,211 RSUs (Award, code A) — reported acquisition value $0.
- Tax withholding: 27,502 shares withheld (code F) at $17.79/share = $489,261 withheld to satisfy tax obligations.
- Vesting/ownership notes from footnotes:
- The 109,211 RSUs will vest ratably in three annual installments beginning February 22, 2027. (F1)
- The withheld shares were based on the closing price on February 20, 2026. (F2)
- Filing also references other RSUs with varied vesting: 24,205 RSUs vesting Feb 24, 2026; 29,984 RSUs vesting Feb 22, 2027; and 79,402 RSUs vesting 50% on Feb 22, 2027 and 50% on Feb 22, 2028. (F3)
- Shares owned after the transaction: not specified in the provided filing details.
Context
This filing reflects an equity award (RSUs) to the CEO rather than an open-market buy or sale. The withholding of vested shares to cover taxes is a routine cashless tax-withholding event and does not by itself indicate a discretionary sale of shares for investment reasons.