Form 4: Expro Group Holdings Director Eitan Arbeter Receives Annual Equity Compensation Grant

EXPRO GROUP HOLDINGS N.V. Director Eitan Arbeter was granted 17,104 restricted stock units as part of his annual compensation, vesting in June 2026.

Summary

• Eitan Arbeter, a Director of EXPRO GROUP HOLDINGS N.V. (XPRO), acquired 17,104 restricted stock units (RSUs) on June 1, 2025.
• These RSUs were granted under the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan as annual compensation for non-employee members of the Board of Directors.
• Each RSU represents a contingent right to receive one share of common stock, with a nominal value of Euro0.06 per share.
• The RSUs are scheduled to vest on June 1, 2026.
• Following this transaction, Mr. Arbeter's direct beneficial ownership of common stock is 55,293 shares.
• The RSUs received by Mr. Arbeter are held for the benefit of certain clients of Oak Hill Advisors, L.P. (OHA), where Mr. Arbeter is an employee.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director, which is generally a neutral to slightly positive event as it aligns management/director interests with shareholders. No negative implications are present.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This grant is part of a pre-existing Long-Term Incentive Plan, indicating a structured approach to executive and director compensation.

Risks

• The value of the restricted stock units upon vesting is dependent on the future market price of EXPRO GROUP HOLDINGS N.V. common stock, introducing market risk for the recipient.
• There is a risk that the RSUs may not vest if the conditions for vesting (e.g., continued service) are not met, although this is standard for such grants.

Future Outlook

The acquired restricted stock units are scheduled to vest on June 1, 2026, at which point they will convert into shares of common stock, subject to the terms of the grant.

Industry Context

The granting of restricted stock units to non-employee directors is a common practice across various industries, including the energy services sector, to attract and retain qualified board members and align their interests with long-term shareholder value.

Comparison to Industry Standards

• The provision of equity-based compensation, such as Restricted Stock Units (RSUs), to non-employee directors is a standard practice in corporate governance across publicly traded companies, including those in the oilfield services sector like Schlumberger, Halliburton, and Baker Hughes, which typically use similar long-term incentive plans to compensate their board members.
• The vesting schedule of one year for annual compensation is also a common structure for such grants, ensuring continued commitment from the director.

Corporate Governance

Related Party Transactions

• The RSUs received by Mr. Arbeter are held for the benefit of certain clients of Oak Hill Advisors, L.P. (OHA), where Mr. Arbeter is an employee. This arrangement clarifies the beneficial ownership structure related to his employment at OHA.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the company's stock performance, potentially encouraging decisions that enhance shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The restricted stock units are expected to vest on June 1, 2026, converting into common shares of EXPRO GROUP HOLDINGS N.V.

Key Dates

Keywords

EXPRO GROUP HOLDINGS N.V., XPRO, Form 4, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction, Long-Term Incentive Plan, Beneficial Ownership