Form 4: XPEL Director Stacy L. Bogart Reports Stock Unit Vesting
SEC Form 4 Filing
Director Stacy L. Bogart reports the vesting of restricted stock units into XPEL common stock.
Summary
- On March 14, 2025, Stacy L. Bogart, a director of XPEL, Inc., had 530 restricted stock units (RSUs) vest.
- These RSUs converted into 530 shares of XPEL common stock.
- Following the transaction, Bogart directly owns 5,808 shares of XPEL common stock.
- The RSUs were granted on June 14, 2024, under the XPEL 2020 Equity Incentive Plan.
- The RSUs vest quarterly, with the final vesting date on June 14, 2025, contingent upon continued service to the company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock vesting, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to equity compensation for a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The vesting of stock units can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 14, 2024 | Date the Restricted Stock Units (RSUs) were granted under the XPEL 2020 Equity Incentive Plan. |
| December 14, 2024 | Date when one-fourth of the RSUs vested. |
| March 14, 2025 | Date of the reported transaction where 530 RSUs vested and converted into common stock. |
| June 14, 2025 | Final vesting date for the remaining RSUs, contingent upon continued service. |
| March 17, 2025 | Date of the signature on the Form 4 filing. |
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