Form 4: ExlService Holdings Executive Narasimha Kini Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Narasimha Kini of ExlService Holdings reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Narasimha Kini, an Executive Vice President at ExlService Holdings, reported transactions involving the company's common stock on February 27, 2025.
- The transactions involved the vesting of 5,587 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- Simultaneously, 2,590 shares were disposed of to cover tax obligations at a price of $48.63 per share.
- Following these transactions, Kini directly owns 183,277 shares of ExlService Holdings common stock and 16,761 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive, with no inherently positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Reporting person was granted 22,348 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 02/27/2025 | Date of earliest transaction; 5,587 restricted stock units vested and converted to common stock; 2,590 shares disposed of for tax withholding; 25 percent of the restricted stock units became vested. |
| 02/27/2026 | An additional 25 percent of the restricted stock units will vest. |
| 02/27/2027 | An additional 25 percent of the restricted stock units will vest. |
| 02/27/2028 | The remaining balance of 25 percent of the restricted stock units will vest. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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