TechnipFMC (NYSE: FTI) CFO awarded 302,016 performance stock units
Rhea-AI Filing Summary
TechnipFMC plc EVP & Chief Financial Officer Alf Melin reported an acquisition of 302,016 Ordinary Shares, received at $0.0000 per share as a grant of performance stock units under the company’s Value Creation Plan. Following this award, Melin directly holds 540,999 Ordinary Shares.
The performance stock units became earned and vested based on pre-determined performance criteria and are settled in the form of Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 302,016 shares
Net Buy
1 txn
Insider
Melin Alf
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares F1 | 302,016 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 540,999 shares (Direct)
Footnotes (1)
- F1. Represents an award of performance stock units under the Company's Value Creation Plan. The performance stock units became earned and vested based upon the Issuer's achievement of pre-determined performance criteria and will be settled in the form of Ordinary Shares.
Key Figures
Ordinary Shares awarded: 302,016 shares
Shares held after transaction: 540,999 shares
Grant price per share: $0.0000
3 metrics
Ordinary Shares awarded
302,016 shares
Grant of shares received via vested performance stock units
Shares held after transaction
540,999 shares
Direct holdings of Alf Melin following the award
Grant price per share
$0.0000
Reported transaction price per Ordinary Share for the award
Key Terms
performance stock units, Value Creation Plan, Ordinary Shares
3 terms
performance stock units financial
"Represents an award of performance stock units under the Company's Value Creation Plan."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Value Creation Plan financial
"award of performance stock units under the Company's Value Creation Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TechnipFMC (FTI) CFO Alf Melin report?
Alf Melin reported receiving 302,016 Ordinary Shares as a grant linked to performance stock units. The shares were recorded at $0.0000 per share and increased his direct holdings to 540,999 shares.
What type of equity award did TechnipFMC (FTI) grant to CFO Alf Melin?
Alf Melin received an award of performance stock units that are settled in Ordinary Shares. These units became earned and vested based on pre-determined performance criteria under TechnipFMC’s Value Creation Plan.
What is TechnipFMC (FTI)’s Value Creation Plan mentioned in the Form 4?
The Value Creation Plan provides performance stock unit awards that become earned and vested when pre-determined performance criteria are achieved. In this case, vested units will be, and were, settled in TechnipFMC Ordinary Shares.