Wood Barry 4
4 · XPEL, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
XPEL (XPEL) CFO Barry Wood Exercises RSUs, Sells Shares to Cover Taxes
What Happened
Barry Wood, Senior Vice President and Chief Financial Officer of XPEL, converted vested derivative awards on March 1, 2026. The Form 4 shows 2,446 shares were acquired via exercise/conversion (code M). Simultaneously, 3,172 shares were reported as disposed, including 726 shares withheld to satisfy tax liability at $42.62 per share for a total withholding value of $30,942 (code F). Two other derivative-related disposals (1,495 and 951 shares) were reported with $0 proceeds.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely — Form 4 is due within two business days).
- Reported entries:
- 2,446 shares acquired (exercise/conversion, M)
- 726 shares withheld for taxes at $42.62/share = $30,942 (F)
- 1,495 shares disposed at $0 (M)
- 951 shares disposed at $0 (M)
- Shares owned after the transaction: Not specified in the filing.
- Footnotes: F1 notes each RSU represents a right to one share. F2/F3 show prior RSU grants — 5,982 RSUs on 3/1/2025 and 3,804 RSUs on 3/1/2024 — each vesting in four annual installments starting one year after grant.
- No 10b5-1 plan or late filing indicated in the document.
Context
- These transactions look like routine RSU vesting and net-share settlement/tax withholding rather than an open-market sale; withholding shares to cover taxes (code F) is common after RSU vesting.
- The M code indicates exercise or conversion of derivative awards (here, RSUs per footnotes). The disposals reported at $0 typically reflect net-settlement mechanics (shares issued and immediately applied to taxes or withheld), not an active cash sale on the open market.
- For retail investors: this is a routine executive compensation settlement with a modest tax-withholding sale (~$31k), and does not by itself indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
XPEL, Inc.XPEL
Wood Barry
Senior Vice President/CFO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-01+2,446→ 30,814 total - Tax Payment
Common Stock
2026-03-01$42.62/sh−726$30,942→ 30,088 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-01−1,495→ 4,487 total→ Common Stock (1,495 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−951→ 1,902 total→ Common Stock (951 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
- [F2]On March 1, 2025, the Reporting Person was granted 5,982 RSUs pursuant to the XPEL 2020 Equity incentive plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.
- [F3]On March 1, 2024, the Reporting Person was granted 3,804 RSUs pursuant to the XPEL 2020 Equity incentive plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.
Signature
/s/ Barry R. Wood|2026-03-03