Kini Narasimha 4
4 · ExlService Holdings, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
ExlService (EXLS) EVP Kini Narasimha Receives Award; Withholds Shares
What Happened
Kini Narasimha, Executive Vice President of ExlService Holdings (EXLS), was credited with 26,116 shares of Common Stock on Jan 26, 2026 as performance restricted stock units (PRSUs) were deemed earned. To satisfy tax withholding on the award, 13,334 of those shares were surrendered (disposed) at $42.64 per share, generating withholding values of $196,101 and $372,460 (total ≈ $568,561). Net new shares retained by Narasimha after withholding: 12,782.
Key Details
- Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (timely).
- Awards: 9,007 shares and 17,109 shares granted (total 26,116) — Code A (award/grant).
- Withholdings/tax payment: 4,599 shares and 8,735 shares surrendered at $42.64 each — Code F (tax withholding); totals $196,101 and $372,460 (combined ≈ $568,561).
- Shares owned after the reported transactions: not specified in the filing.
- Footnotes: (F1) PRSUs were granted Feb 15, 2023 and were certified as earned for the performance period ending Dec 31, 2025; (F2) the $42.64 per-share figure is the Nasdaq closing price used to compute tax withholding.
- Filing timeliness: Filed within the normal Form 4 window (not reported as late).
Context
This was an earned performance award (PRSUs) that vested upon committee certification; the surrendered shares were used solely to cover tax obligations (a common practice), not an open‑market sale. The remaining net shares (12,782) were retained by the insider. Awards and withholding transactions are routine compensation events and do not by themselves signal a deliberate buy or sell decision.
Insider Transaction Report
- Award
Common Stock, par value $0.001 per share
[F1]2026-01-26+9,007→ 199,980 total - Tax Payment
Common Stock, par value $0.001 per share
[F1][F2]2026-01-26$42.64/sh−4,599$196,101→ 195,381 total - Award
Common Stock, par value $0.001 per share
[F1]2026-01-26+17,109→ 212,490 total - Tax Payment
Common Stock, par value $0.001 per share
[F1][F2]2026-01-26$42.64/sh−8,735$372,460→ 203,755 total
Footnotes (2)
- [F1]The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 15, 2023. Such shares of Common Stock were deemed earned on January 26, 2026, based on the Compensation and Talent Management Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2025.
- [F2]Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.