Expro Group Holdings N.V. (NYSE:XPRO) Chief Financial Officer Fanning Quinn P has sold a total of $368,545 worth of company stock, according to a recent SEC filing. The transactions took place on May 16, 2024, with the CFO disposing of 17,500 shares at weighted average prices that varied between $21.0503 and $21.1164.
The sale was executed in multiple transactions at prices ranging from $21.05 to $21.135, as detailed in the footnotes of the SEC filing. The reporting person has agreed to provide additional information regarding the number of shares sold at each separate price within the stated ranges upon request from the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.
Following these transactions, Fanning Quinn P’s holdings in Expro Group have decreased, but he still owns a significant number of shares, which includes vested and unvested restricted stock units (RSUs). Specifically, the CFO retains 92,889 shares after the sale, including 22,726 RSUs vesting on February 22, 2025, 17,116 RSUs with 50% vesting on February 24, 2025, and the remainder on February 24, 2026, as well as 30,958 RSUs vesting in three annual installments starting February 24, 2025.
Investors often monitor insider transactions such as these for insights into executives’ perspectives on their company’s stock value and future performance. However, it is important to note that there could be various reasons for an insider to sell stock, and such transactions do not necessarily indicate a lack of confidence in the company.
Expro Group Holdings N.V. is known for its services in the oil and gas field, and these transactions come amidst a dynamic period for the energy sector. The company’s stock performance and future outlook will continue to be watched closely by stakeholders and market analysts.
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InvestingPro Insights
As Expro Group Holdings N.V. (NYSE:XPRO) navigates the complexities of the energy market, recent insider transactions may have caught the eye of discerning investors. With CFO Fanning Quinn P’s notable sale of company stock, stakeholders are keen to understand the financial health and future prospects of the company. According to InvestingPro, here are some critical insights:
InvestingPro data indicates that Expro Group holds more cash than debt on its balance sheet, providing a cushion for operational needs and potential…
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