TechnipFMC (FTI) CEO awarded 1,042,284 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pferdehirt Douglas J. reported acquisition or exercise transactions in this Form 4 filing.
TechnipFMC plc reported that its chair and CEO, Douglas J. Pferdehirt, received new equity awards in the form of ordinary-share-based units. He was granted 61,408 restricted stock units at no cash cost, which vest in three equal annual installments if he remains employed. He also received 1,042,284 performance stock units, scheduled to vest on February 21, 2026 in ordinary shares, depending on the company’s performance against defined criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pferdehirt Douglas J.
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 61,408 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 1,042,284 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 2,578,836 shares (Direct)
Footnotes (1)
- This grant of restricted stock units, each of which represents a contingent right to receive one Ordinary Share, is subject to a three-year vesting schedule whereby one-third (1/3) of the shares will vest on each of the first, second, and third anniversaries of the date of grant subject to the employee's continued service on the applicable vesting date. Represents an award of performance stock units, which is scheduled to vest on February 21, 2026, in the form of Ordinary Shares based upon the Issuer's performance against certain performance criteria.
FAQ
What insider transactions did TechnipFMC (FTI) report for Douglas J. Pferdehirt?
TechnipFMC reported that chair and CEO Douglas J. Pferdehirt acquired equity awards, not open-market purchases. He received 61,408 restricted stock units and 1,042,284 performance stock units, both tied to ordinary shares and granted at a transaction price of $0.00 per share.
Were the TechnipFMC (FTI) CEO’s Form 4 transactions stock buys or option exercises?
The transactions were equity awards, not stock purchases or option exercises. Form 4 lists them under code “A” as grants or other acquisitions of ordinary-share-based units, awarded at no cash cost and subject to vesting based on continued service and performance conditions.
What are the vesting terms for the 61,408 restricted stock units at TechnipFMC (FTI)?
The 61,408 restricted stock units vest over three years. One-third of the underlying ordinary shares vests on each of the first, second, and third anniversaries of the grant date, contingent on Douglas J. Pferdehirt’s continued employment on each respective vesting date.
How do the 1,042,284 performance stock units for TechnipFMC (FTI) CEO vest?
The 1,042,284 performance stock units are scheduled to vest on February 21, 2026. Vesting occurs in the form of ordinary shares and depends on TechnipFMC’s performance against specified performance criteria, meaning the actual number of shares delivered is tied to achieving those targets.
Did the TechnipFMC (FTI) CEO pay anything for the new equity awards?
No cash payment was made for these equity awards. The Form 4 shows a transaction price per share of $0.0000 for both the restricted stock units and performance stock units, reflecting typical executive compensation grants rather than open-market stock purchases.
How did these awards affect Douglas J. Pferdehirt’s reported TechnipFMC (FTI) holdings?
Each line in the Form 4 lists total ordinary shares following the respective award. After the grants, one line shows 2,578,836 ordinary shares and another shows 3,621,120 ordinary shares held directly, reflecting updated reported ownership tied to these award-related positions.