Expro Group Holdings N.V. Announces Equity Awards for Chief Financial Officer

Strategic Insights -

Expro Group Holdings N.V., a leading energy services provider, has announced that its Board of Directors has granted equity awards to Sergio Maiworm, the Company's Chief Financial Officer, in connection with his employment with the Company. The awards, totaling 286,041 shares of common stock, are valued at $2,500,000 and will vest on June 30, 2028.

Mr. Maiworm received an initial grant of time-based restricted stock units (RSUs) representing 286,041 shares of the Company's common stock, valued at $2,500,000. He was also granted additional time-based RSUs representing 42,792 shares of the Company's common stock and performance vested restricted stock units (PRSUs) representing 64,188 shares of the Company's common stock at the target level of achievement.

The RSUs have a grant date value equal to $374,000 and will vest ratably in three annual installments beginning on June 30, 2026. The PRSUs have a target value of $561,000, will vest on June 30, 2028 based on the Company's relative stockholder return performance over the three-year period ending December 31, 2027, and may be earned at 0% to 200% of target.

Key Takeaways:

  • Expro Group Holdings N.V. has granted equity awards to Sergio Maiworm, the Company's Chief Financial Officer, totaling 286,041 shares of common stock, valued at $2,500,000.
  • The awards include time-based restricted stock units (RSUs) and performance vested restricted stock units (PRSUs) that will vest on June 30, 2028.
  • The RSUs have a grant date value equal to $374,000 and will vest ratably in three annual installments beginning on June 30, 2026.
  • The PRSUs have a target value of $561,000 and will vest based on the Company's relative stockholder return performance over the three-year period ending December 31, 2027.
  • Sergio Maiworm's employment with Expro includes annual grants of equity, consistent with the Company's equity award practices.
  • Expro's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

Statistics:

  • Value of equity awards granted to Sergio Maiworm: $2,500,000
  • Total number of shares granted: 286,041
  • Grant date value of RSUs: $374,000
  • Target value of PRSUs: $561,000
  • Number of employees: approximately 8,500
  • Countries where Expro provides services: more than 50
  • Number of years since Expro's founding: 1938

Sources:

  • Expro Group Holdings N.V. press release, dated July 2, 2025, announcing equity awards for Sergio Maiworm
  • Expro Group Holdings N.V. annual reports on Form 10-K, Form 10-Q, and Form 8-K reports filed with the Securities and Exchange Commission
  • BusinessWire article, "Expro Group Holdings N.V. Announces Equity Awards for Chief Financial Officer", dated July 2, 2025 (https://www.businesswire.com/news/home/20250702436777/en/)