McAlister John Lewis 4
Research Summary
AI-generated summary
Expro (XPRO) GC John McAlister Receives RSU Award; Shares Withheld
What Happened
John Lewis McAlister, General Counsel & Secretary of Expro Group Holdings N.V. (XPRO), was granted/credited with 32,895 restricted stock units (RSUs) on Feb 22, 2026 (reported on Form 4 filed Feb 24, 2026). In connection with RSU vesting, 8,941 vested shares were withheld to satisfy tax withholding obligations at $17.79 per share, a withholding value of approximately $159,060. The filing shows the RSU grant at $0.00 per share (code A) and the withholding disposition (code F).
Key Details
- Transaction date: Feb 22, 2026; Form 4 filed Feb 24, 2026 (timely filing).
- Grant: 32,895 RSUs reported acquired at $0.00 (award under 2022 Long-Term Incentive Plan).
- Tax withholding/disposition: 8,941 shares withheld at $17.79 each = ~$159,060 (code F).
- Net newly issued to insider (gross grant minus withheld): 32,895 − 8,941 = 23,954 shares (per filing math).
- Vesting schedule/footnotes: RSUs granted under the 2022 LTIP. Footnotes state 5,249 RSUs vest on Feb 24, 2026; 6,776 RSUs vest on Feb 22, 2027; 24,490 RSUs vest 50% on Feb 22, 2027 and 50% on Feb 22, 2028. Another footnote says the 32,895 RSUs will vest ratably in three annual installments beginning Feb 22, 2027 (see filing for full detail).
- Shares owned after the transaction: not specified in the provided summary of the filing.
Context
This was an equity award (RSUs) and a routine tax-withholding disposition—not an open-market sale or purchase. Code A indicates an award/grant; code F indicates shares were withheld to cover tax obligations (a common, administrative step when RSUs vest). Awards reflect compensation and future vesting conditions rather than an immediate market-based purchase decision.