Fibig Andreas 4

What Happened
Andreas Fibig, a member of the Board of Directors of ExlService Holdings, Inc. (EXLS), was granted 7,871 restricted stock units (RSUs) on June 16, 2026. The award was reported as an acquisition (transaction code A) of derivative securities at a $0 per-unit price (typical for compensation grants). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely).
• Security: 7,871 restricted stock units (RSUs) granted; reported price $0.00 (no cash paid).
• Post-transaction ownership: Not specified in this filing.
• Footnotes:
  • Each RSU represents a contingent right to one share upon settlement.
  • Vesting occurs on the earlier of (i) the first anniversary of grant, (ii) when the director’s board term expires if not re-elected, or (iii) a Change in Control per the company’s 2025 Omnibus Incentive Plan. Settlement occurs on the earlier of death, Change in Control, or 180 days after separation from board service (with some exceptions).
• Filing remarks include the company’s General Counsel (Mr. Ayyappan), per the form.

Context
RSUs are a common form of director compensation and do not represent an immediate purchase of shares; they convert to common stock only upon meeting vesting and settlement conditions described above. Such awards are routine compensation and should be interpreted as grant-based, not a direct bullish purchase signal.