Form 4: Expro Group Holdings N.V. Executive Reports Changes in Beneficial Ownership

John Lewis McAlister, General Counsel & Secretary of Expro Group Holdings N.V., reports transactions involving common stock and restricted stock units, including grants, vesting, and tax withholding.

Summary

• On February 22, 2025, John Lewis McAlister, General Counsel & Secretary of Expro Group Holdings N.V., was granted 36,736 restricted stock units (RSUs) that will vest ratably in three annual installments beginning February 22, 2026.
• McAlister also received 5,446 shares of common stock upon the vesting and settlement of performance-based restricted stock units (PRSUs) granted on October 1, 2021, which vested at 21.3% achievement.
• The issuer withheld 11,754 and 2,468 vested shares to satisfy tax withholding obligations related to the vesting of RSUs and PRSUs, respectively, at a price of $13.06 per share.
• Following these transactions, McAlister beneficially owns 97,203 shares of common stock and various RSUs that will vest in the future.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing executive compensation. The RSU grants are a positive sign of aligning executive interests, but the tax withholding is a neutral event.

Positives

• The grant of RSUs to a key executive aligns their interests with the long-term performance of the company.
• The vesting of PRSUs, even at a 21.3% achievement level, indicates some level of performance attainment.

Negatives

• The withholding of shares for tax obligations reduces the executive's immediate ownership stake.

Risks

• Future vesting of RSUs is contingent upon continued employment and other potential conditions.
• Fluctuations in the stock price could impact the value of the RSUs and vested shares.

Future Outlook

The document outlines future vesting dates for RSUs, indicating potential future increases in the reporting person's holdings of Expro Group Holdings N.V. common stock.

Industry Context

This filing is a routine disclosure of executive compensation and ownership changes, common in publicly traded companies. It provides transparency into the alignment of management's interests with shareholders.

Comparison to Industry Standards

• Executive compensation packages including RSUs and PRSUs are standard practice among publicly traded companies, particularly in the energy sector where Expro Group Holdings operates.
• Companies like Schlumberger, Halliburton, and Baker Hughes also utilize similar equity-based compensation plans to incentivize and retain key personnel.
• The vesting schedules and performance metrics associated with these grants are typically aligned with the company's strategic goals and industry benchmarks.

Stakeholder Impact

• Shareholders gain insight into executive compensation and ownership, promoting transparency.
• Employees may be impacted by the company's performance, which influences the vesting of PRSUs.

Key Dates