Form 4: XPEL Director Richard K. Crumly Reports Stock Transactions
SEC Form 4 Filing
Richard K. Crumly, a director at XPEL, Inc., reported the vesting of restricted stock units and associated transactions.
Summary
- On May 24, 2024, Richard K. Crumly, a director of XPEL, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The reported transactions include the vesting of 280 restricted stock units (RSUs) which converted into common stock.
- Following the reported transaction, Mr. Crumly's indirectly held securities include 316,912 shares through CARPE, LLC, 1,076,743 shares through ADAMAS, LLC, and 15,500 shares held by his spouse, of which he disclaims beneficial ownership.
- The RSUs were granted on May 24, 2023, and vest quarterly over one year from the grant date.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| May 24, 2023 | Date the Restricted Stock Units (RSUs) were granted. |
| August 24, 2023 | One-fourth of the RSUs vested. |
| May 24, 2024 | Date of the reported transaction (vesting of RSUs) and filing of Form 4. |
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