Form 4: ExlService Holdings Executive Vice President & CFO Reports Stock Transactions
SEC Form 4 Filing
Maurizio Nicolelli, Executive Vice President & CFO of ExlService Holdings, reports the vesting and conversion of restricted stock units into common stock.
Summary
- Maurizio Nicolelli, the Executive Vice President & CFO of ExlService Holdings, Inc., reported transactions involving the company's stock.
- On September 1, 2024, 27,075 restricted stock units vested and were converted into common stock.
- On September 3, 2024, 10,655 shares were disposed of at a price of $36.54 for tax withholding purposes.
- Following these transactions, Nicolelli directly owns 156,215 shares of ExlService Holdings, Inc.
- The restricted stock units were granted on September 1, 2021, and vested in two installments.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | Reporting person was granted 40,605 restricted stock units. |
| 08/01/2023 | 5-for-1 forward stock split, effective date. |
| 09/01/2023 | 33% of the restricted stock units became vested. |
| 09/01/2024 | 27,075 restricted stock units vested and converted into common stock; remaining 67% of restricted stock units vested. |
| 09/03/2024 | 10,655 shares disposed of for tax withholding at $36.54 per share. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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