EXLS.NASDAQExlservice Holdings, INC

Form 4: ExlService Holdings Executive Vikas Bhalla Reports Stock Transactions

Sentiment:

SEC Form 4

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Vikas Bhalla, President & Head of Insurance at ExlService Holdings, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.

Summary

  • Vikas Bhalla, an officer at ExlService Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
  • On February 18, 2025, Bhalla vested and converted restricted stock units into common stock.
  • Specifically, 9,175, 5,435 and 4,400 restricted stock units vested and converted to common stock.
  • Simultaneously, shares were disposed of to cover tax obligations at a price of $50.93 per share.
  • The transactions resulted in Bhalla owning 154,203 shares of ExlService Holdings common stock following the reported transactions.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock ownership. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity.

Key Dates

DateDescription
February 17, 2021Grant date of 7,340 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
February 17, 202225 percent of the restricted stock units granted on February 17, 2021 became vested.
February 16, 2022Grant date of 4,348 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
February 17, 2023An additional 25 percent of the restricted stock units granted on February 17, 2021 became vested.
February 16, 202325 percent of the restricted stock units granted on February 16, 2022 became vested.
February 15, 2023Grant date of 3,520 (pre-split) restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
February 17, 2024An additional 25 percent of the restricted stock units granted on February 17, 2021 became vested.
February 16, 2024An additional 25 percent of the restricted stock units granted on February 16, 2022 became vested.
February 15, 202425 percent of the restricted stock units granted on February 15, 2023 became vested.
February 18, 2025Date of the reported transactions: vesting of restricted stock units and disposal of shares for tax obligations.
February 17, 2025The remaining balance of 25 percent of the restricted stock units granted on February 17, 2021 became vested.
February 16, 2025An additional 25 percent of the restricted stock units granted on February 16, 2022 became vested.
February 15, 2025An additional 25 percent of the restricted stock units granted on February 15, 2023 became vested.
February 16, 2026The remaining balance of 25 of the restricted stock units granted on February 16, 2022 will vest.
February 15, 2027The remaining balance of 25 of the restricted stock units granted on February 15, 2023 will vest.
February 20, 2025Date of signature by Attorney-in-Fact.

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, EXLS, ExlService Holdings, Vikas Bhalla

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