Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-06-15

Expro (XPRO)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,962,497
Michael Jardon total, FY2024
38th
CEO pay percentile vs peers
CEO-to-median pay ratio
98.25%
Say-on-pay support, latest vote
Companies that benchmark against XPRO
7 companies name XPRO as a compensation peer

Each company listed discloses XPRO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named XPRO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Jardon$1,000,000$0$5,246,072$0$690,625$0$25,800$6,962,497
President and Chief Executive Officer
Alistair Geddes529,20001,635,1310292,3830384,9852,841,699
Chief Operating Officer
Quinn Fanning456,41201,805,4710252,168025,8002,539,851
Chief Financial Officer
Steven Russell431,52701,260,4120238,419013,8001,944,157
Chief Technology Officer
John McAlister408,01301,185,4840225,427095,1481,914,072
General Counsel and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Michael Jardon$6,962,497$2,548,319
Alistair Geddes2,841,6991,100,746
Quinn Fanning2,539,851930,375
Steven Russell1,944,157811,050
John McAlister1,914,072819,748

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Quinn FanningRSU2024-02-2230,958$598,109
Michael JardonRSU2024-02-2267,465134,930269,8603,508,180
Alistair GeddesRSU2024-02-2221,02842,05684,1121,093,456
Alistair GeddesRSU2024-02-2228,037541,675
John McAlisterRSU2024-02-2220,327392,718
Michael JardonRSU2024-02-2289,9531,737,892
Steven RussellRSU2024-02-2216,20932,41864,836842,868
Steven RussellRSU2024-02-2221,612417,544
Quinn FanningRSU2024-02-2223,21946,43792,8741,207,362
John McAlisterRSU2024-02-2215,24630,49160,982792,766
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Quinn Fanning$1,805,471$0$00.0%
Michael Jardon5,246,072000.0%
Alistair Geddes1,635,131000.0%
John McAlister1,185,484000.0%
Steven Russell1,260,412000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Quinn FanningPSU130,400$1,626,088
John McAlisterRSU43,608543,792
Quinn FanningOption196,10217.74
Alistair GeddesPSU114,8651,432,367
Michael JardonPSU413,4445,155,647
Steven RussellPSU81,0281,010,419
Steven RussellRSU44,447554,254
Alistair GeddesRSU62,668781,470
John McAlisterPSU79,680993,610
Michael JardonRSU176,0492,195,331
Quinn FanningRSU70,800882,876
05

Incentive-plan design — the Compensation Discussion & Analysis

attract, motivate, retain and reward employees by offering competitive and flexible compensation and benefits packages; promote alignment with our business strategy and shareholder interests by tying a substantial portion of executive pay to performance

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-10100,197,2211,784,8407,29098.25%Passed
20252025-06-0598,956,7611,889,9454,59598.13%Passed
20242024-05-2395,187,0393,824,5037,07896.14%Passed
20232023-05-2488,529,8051,662,49034,34798.16%Passed
20222022-05-2588,414,7951,684,2722,669,85898.13%Passed
20192019-05-22153,186,47917,904,9328,627,38589.53%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1098.25%a
20252025-06-0598.13%b
20242024-05-2396.14%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert W. DrummondIndependent · Board Chair · Compensation$143,156$170,069$0$0$313,225
Michael C. KearneyIndependent · Compensation114,071170,06900284,140
Lisa L. TroeIndependent · Audit (Chair) · Nominating/Governance105,000170,06900275,069
Brian TrueloveIndependent · Audit · Nominating/Governance (Chair)97,500170,06900267,569
Eileen G. WhelleyIndependent · Compensation (Chair) · Nominating/Governance95,000170,06900265,069
Frances M. VallejoIndependent · Audit87,500170,06900257,569
Eitan ArbeterIndependent · Compensation82,500170,06900252,569
Alan SchragerIndependent · Not standing for re-election · Departed during FY29,3030029,303
Michael JardonEmployee director000000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 10,000
Stock ownership guideline$375,000
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$754,030
Equity awards (grant-date value)$1,190,483
All other compensation$0
Total cost of the board$1,944,513

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

RES RPC, Inc.WHD Cactus, Inc.SLCA U.S. Silica Holdings, Inc.CHX ChampionX CorporationNBR Nabors Industries Ltd.OIS Oil States International, Inc.WTTR Select Water Solutions, Inc.AROC Archrock, Inc.PTEN Patterson-UTI Energy, Inc.HP Helmerich & Payne, Inc. Dril-Quip, Inc.HLX Helix Energy Solutions Group, Inc.WFRD Weatherford International plcLBRT Liberty Energy Inc.OII Oceaneering International, Inc.NR Newpark Resources, Inc.PUMP ProPetro Holding Corp. Core Laboratories N.V.
10a

Peer reciprocity

Of the companies Expro names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

RPC, Inc. (RES) Cactus, Inc. (WHD) U.S. Silica Holdings, Inc. (SLCA) ChampionX Corporation (CHX) Nabors Industries Ltd. (NBR)40 Oil States International, Inc. (OIS) Select Water Solutions, Inc. (WTTR)41 Archrock, Inc. (AROC) Patterson-UTI Energy, Inc. (PTEN)42 Helmerich & Payne, Inc. (HP)43 Helix Energy Solutions Group, Inc. (HLX)44 Weatherford International plc (WFRD)45 Liberty Energy Inc. (LBRT)46 Oceaneering International, Inc. (OII)47 Newpark Resources, Inc. (NR) ProPetro Holding Corp. (PUMP)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Expro.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nabors Industries Ltd.2025Anthony Petrello$1,750,000$5,352,354$0$2,049,275$29,636,103
2Weatherford International plc2025Girishchandra Saligram1,254,8089,969,03501,735,29613,022,298
3Patterson-UTI Energy, Inc.2025William Hendricks1,300,0008,497,99102,264,33012,077,321
4Helmerich & Payne, Inc.2025John Lindsay1,179,9095,749,95701,559,0169,010,799
5Oceaneering International, Inc.2025Roderick Larson910,0002,027,79604,282,4257,735,670
6Expro2024Michael Jardon1,000,0005,246,0720690,6256,962,497
7Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
8Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
9Liberty Energy Inc.2025Ron Gusek591,2822,943,85501,057,7184,793,487
10RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075
Cactus, Inc.not in coverage universe
U.S. Silica Holdings, Inc.not in coverage universe
ChampionX Corporationnot in coverage universe
Oil States International, Inc.not in coverage universe
Archrock, Inc.not in coverage universe
Newpark Resources, Inc.not in coverage universe
ProPetro Holding Corp.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Expro55.25%PRSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Archrock, Inc.not disclosednot disclosednot disclosednot disclosed
Cactus, Inc.not disclosednot disclosednot disclosednot disclosed
ChampionX Corporationnot disclosednot disclosednot disclosednot disclosed
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Helmerich & Payne, Inc.109.09%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Willis Towers Watson
Liberty Energy Inc.not disclosednot disclosednot disclosednot disclosed
Nabors Industries Ltd.not disclosednot disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance
Newpark Resources, Inc.not disclosednot disclosednot disclosednot disclosed
Oceaneering International, Inc.124%PSU 50 · RSU 50Yes — Relative TSRMeridian
Oil States International, Inc.not disclosednot disclosednot disclosednot disclosed
Patterson-UTI Energy, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pay Governance LLC
ProPetro Holding Corp.not disclosednot disclosednot disclosednot disclosed
RPC, Inc.187%RSU 75 · PSU 25NoMercer, LLC
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
U.S. Silica Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Weatherford International plc92.3%PSU 75 · RSU 25NoLB&Co.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael JardonDEF 14A2025-04-110001193125-25-078440Section “Summary Compensation Table” · page 35. As printed: 6,962,497. Filing ↗machine: r3 · c34 · span 806814–806823
2Section 01, Alistair GeddesDEF 14A2025-04-110001193125-25-078440Section “Summary Compensation Table” · page 35. As printed: 2,841,699. Filing ↗machine: r11 · c34 · span 867068–867077
3Section 01, Quinn FanningDEF 14A2025-04-110001193125-25-078440Section “Summary Compensation Table” · page 35. As printed: 2,539,851. Filing ↗machine: r7 · c34 · span 836944–836953
4Section 01, Steven RussellDEF 14A2025-04-110001193125-25-078440Section “Summary Compensation Table” · page 35. As printed: 1,944,157. Filing ↗machine: r19 · c34 · span 927364–927373
5Section 01, John McAlisterDEF 14A2025-04-110001193125-25-078440Section “Summary Compensation Table” · page 35. As printed: 1,914,072. Filing ↗machine: r15 · c34 · span 897200–897209
6Section 03, Quinn Fanning RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r15 · c39 · span 1054461–1054467
7Section 03, Michael Jardon RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r7 · c27 · span 1023552–1023559
8Section 03, Alistair Geddes RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r19 · c27 · span 1067455–1067461
9Section 03, Alistair Geddes RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r21 · c39 · span 1076416–1076422
10Section 03, John McAlister RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r27 · c39 · span 1098366–1098372
11Section 03, Michael Jardon RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r9 · c39 · span 1032515–1032521
12Section 03, Steven Russell RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r31 · c27 · span 1111357–1111363
13Section 03, Steven Russell RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r33 · c39 · span 1120316–1120322
14Section 03, Quinn Fanning RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r13 · c27 · span 1045500–1045506
15Section 03, John McAlister RSUDEF 14A2025-04-110001193125-25-078440Section “Grants of Plan-Based Awards for 2024” · grants of plan-based awards table. Filing ↗machine: t190 · r25 · c27 · span 1089407–1089413
16Section 08, Robert W. DrummondDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 313,225. Filing ↗machine: t261 · r2 · c19 · span 1408105–1408112
17Section 08, Michael C. KearneyDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 284,140. Filing ↗machine: t261 · r4 · c19 · span 1415830–1415837
18Section 08, Lisa L. TroeDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 275,069. Filing ↗machine: t261 · r6 · c19 · span 1423533–1423540
19Section 08, Brian TrueloveDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 267,569. Filing ↗machine: t261 · r7 · c19 · span 1427364–1427371
20Section 08, Eileen G. WhelleyDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 265,069. Filing ↗machine: t261 · r9 · c19 · span 1435033–1435040
21Section 08, Frances M. VallejoDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 257,569. Filing ↗machine: t261 · r8 · c19 · span 1431199–1431206
22Section 08, Eitan ArbeterDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 252,569. Filing ↗machine: t261 · r3 · c19 · span 1411938–1411945
23Section 08, Alan SchragerDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 29,303. Filing ↗machine: t261 · r5 · c4 · span 1417064–1417070
24Section 08, Michael JardonDEF 14A2025-04-110001193125-25-078440Section “Director Compensation”. As printed: 0. Filing ↗
25Section 06, 2026 voteForm 8-K2026-06-150001437749-26-020660Item 5.07 · say-on-pay result. As reported: 98.25% (votes for as printed: 100,197,221). Filing ↗
26Section 06, 2025 voteForm 8-K2025-06-090001437749-25-019857Item 5.07 · say-on-pay result. As reported: 98.13% (votes for as printed: 98,956,761). Filing ↗
27Section 06, 2024 voteForm 8-K2024-05-280001437749-24-018484Item 5.07 · say-on-pay result. As reported: 96.14% (votes for as printed: 95,187,039). Filing ↗
28Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
29Section 09b board cost (computed)ComputedcomputedCash 754,030 + equity 1,190,483 + all other 0 = 1,944,513, summed across the director compensation table rows.machine: formula: Σ = 1,944,513
30Nabors Industries Ltd., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016154CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833
31Weatherford International plc, Section 10b CEO totalDEF 14A2026-04-210001193125-26-166847CEO total compensation as printed in Weatherford International plc's own proxy. As printed: 13,022,298. Filing ↗machine: r3 · c27 · span 828253–828263
32Patterson-UTI Energy, Inc., Section 10b CEO totalDEF 14A2026-04-130000889900-26-000020CEO total compensation as printed in Patterson-UTI Energy, Inc.'s own proxy. As printed: 12,077,321. Filing ↗machine: span 571078–571088
33Helmerich & Payne, Inc., Section 10b CEO totalDEF 14A2026-01-220001104659-26-005786CEO total compensation as printed in Helmerich & Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322
34Oceaneering International, Inc., Section 10b CEO totalDEF 14A2026-04-020000073756-26-000073CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187
35Expro (subject), Section 10b CEO totalDEF 14A2025-04-110001193125-25-078440CEO total compensation as printed in Expro's own proxy. As printed: 6,962,497. Filing ↗machine: r3 · c34 · span 806814–806823
36Helix Energy Solutions Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001140361-26-012501CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. Filing ↗machine: r2 · c22 · span 1194229–1194239
37Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2026-03-240001104659-26-033864CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304
38Liberty Energy Inc., Section 10b CEO totalDEF 14A2026-03-050001999371-26-005123CEO total compensation as printed in Liberty Energy Inc.'s own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404
39RPC, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030766CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. Filing ↗machine: t142 · r9 · c14 · span 742140–742149
40Section 10a, Nabors Industries Ltd. reciprocityDEF 14A0001140361-26-016154Nabors Industries Ltd. names Expro in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A0001104659-26-033864Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Expro. Filing ↗
42Section 10a, Patterson-UTI Energy, Inc. reciprocityDEF 14A0001628280-25-017335Patterson-UTI Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Expro. Filing ↗
43Section 10a, Helmerich & Payne, Inc. reciprocityDEF 14A0001104659-26-005786Helmerich & Payne, Inc. names Expro in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Helix Energy Solutions Group, Inc. reciprocityDEF 14A0001140361-26-012501Helix Energy Solutions Group, Inc. names Expro in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Weatherford International plc reciprocityDEF 14A0001193125-26-166847Weatherford International plc names Expro in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Liberty Energy Inc. reciprocityDEF 14A0001999371-26-005123Liberty Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Expro. Filing ↗
47Section 10a, Oceaneering International, Inc. reciprocityDEF 14A0000073756-26-000073Oceaneering International, Inc. names Expro in its own disclosed peer group (read from its most recent proxy). Filing ↗