Vallejo Frances M 4
Research Summary
AI-generated summary
Expro (XPRO) Director Frances M. Vallejo Receives 8,907 RSU Award
What Happened
Frances M. Vallejo, a director of Expro Group Holdings N.V. (XPRO), received a grant of 8,907 restricted stock units (RSUs) on June 1, 2026. The award is recorded at $0.00 per RSU (no cash paid) — total reported value $0 — and represents annual compensation to non-employee board members rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-01 (Form 4 filed 2026-06-03; timely under the two-business-day rule).
- Award: 8,907 RSUs granted at $0.00 per unit; reported aggregate cash value $0.
- Vesting: RSUs vest on June 1, 2027 (see footnote). Each RSU converts to one common share upon vesting.
- Plan: Granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan as annual board compensation for non-employee directors.
- Shares owned after transaction: not specified in the provided filing.
- No 10b5-1 plan, tax‑withholding sale, or other special conditions reported in the filing.
Context
RSUs are a form of equity compensation that convert to shares if and when they vest; they do not require the insider to pay cash at grant. Because this transaction is a routine director compensation grant (not a market purchase or sale), it should be viewed as compensation-related rather than a direct bullish or bearish trade signal.