Form 4: EXLService Holdings EVP Anita Mahon Reports Stock Transactions
SEC Filing Form 4
Anita Mahon, EVP & Chief Growth Officer of ExlService Holdings, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.
Summary
- On March 2, 2024, Anita Mahon, EVP & Chief Growth Officer of ExlService Holdings, Inc., had restricted stock units vest and convert into common stock.
- Ms. Mahon disposed of shares to cover tax obligations related to the vesting of these restricted stock units.
- The transactions involved the vesting of 2,490 and 5,460 restricted stock units, which converted into an equal number of common stock shares.
- A total of 4,067 shares were disposed of at a price of $31.75 to satisfy tax withholding requirements.
- Following these transactions, Ms. Mahon beneficially owns 94,527 shares of ExlService Holdings, Inc.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and compliance with SEC regulations. There is nothing inherently positive or negative, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine vesting and tax-related sales, which are common occurrences.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/02/2020 | Reporting person was granted 1,992 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2020 | Reporting person was granted 4,365 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2024 | Restricted stock units vested and shares were disposed of to cover tax obligations. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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