A statement of changes in beneficial ownership was filed on September 11, 2026, by John F. North, a director of XPEL, Inc. (NASDAQ:XPEL), reporting the vesting of restricted stock units and an updated common stock position as of September 10, 2026.

Key Highlights

  • Reporting person: John F. North, identified as a Director of XPEL, Inc.
  • Transaction date: September 10, 2026, with the filing signed and submitted on September 11, 2026.
  • RSUs vested: 441 restricted stock units converted to 441 shares of XPEL common stock via transaction code M, at a derivative price of $0.
  • Post-transaction common stock ownership: 10,716 shares held directly following the reported transaction.
  • Remaining RSUs: 1,324 derivative securities (restricted stock units) remain beneficially owned directly after the transaction.
  • Original RSU grant: On June 10, 2026, North was granted 1,765 RSUs under the XPEL 2020 Equity Incentive Plan, approved by the Board of Directors and stockholders.
  • Vesting schedule: The RSUs vest in quarterly installments over a one-year period, with a final vesting date of June 10, 2027, contingent on continuous service.

XPEL Director John F. North Reports Quarterly RSU Vesting Under 2020 Equity Incentive Plan

According to the filing, John F. North holds the position of Director at XPEL, Inc., a company traded on NASDAQ under the symbol XPEL. XPEL, Inc. is identified as the issuer in the disclosure. The filing was signed on behalf of North by Barry R. Wood, described in the document as XPEL Senior Vice President and CFO, acting as Attorney-in-Fact.

The filing discloses that on June 10, 2026, North received a grant of 1,765 restricted stock units pursuant to the XPEL 2020 Equity Incentive Plan. As explained in the filing's footnotes, each RSU "represents a contingent right to receive one share of XPEL common stock." The grant was approved by the Board of Directors and stockholders, and the units are scheduled to vest in quarterly installments over a one-year period, ending June 10, 2027, provided North remains in continuous service through each vesting date.

On September 10, 2026, 441 of those RSUs vested and were converted to an equal number of shares of XPEL common stock, recorded under transaction code M, with a reported derivative security price of $0. Following this transaction, North directly holds 10,716 shares of XPEL common stock and retains 1,324 RSUs as beneficially owned derivative securities, according to the filing. No price per share for the acquired common stock is listed in Table I, as the acquisition arose from RSU settlement rather than an open-market purchase.

What Was Disclosed

The filing reports the September 10, 2026 vesting of 441 restricted stock units held by XPEL Director John F. North, resulting in direct ownership of 10,716 common shares and 1,324 remaining RSUs under a grant issued June 10, 2026.