Form 4: XPEL Director Mike Klonne Reports Stock Transactions
SEC Form 4
Director Mike Klonne reports the vesting and disposal of restricted stock units (RSUs) in XPEL, Inc.
Summary
- On September 14, 2024, Mike Klonne, a director of XPEL, Inc., reported transactions involving the company's stock.
- Klonne disposed of 530 shares of common stock upon the vesting of 530 Restricted Stock Units (RSUs).
- Following the transaction, Klonne directly owns 1,590 derivative securities (RSUs) and indirectly owns 55,008 shares of common stock through the Michael A. Klonne Living Trust.
- The RSUs were granted on June 14, 2024, and vest in quarterly installments over a one-year period, concluding on June 14, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small portion of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Reporting person was granted 2,120 RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. |
| 09/14/2024 | Date of the stock transaction where 530 RSUs vested and were disposed of. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
| 06/14/2025 | Final vesting date for the RSUs granted on June 14, 2024. |
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