Form 4: Melin Alf reports acquisition/exercise transactions in FTI
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Melin Alf reported acquisition or exercise transactions in a Form 4 filing for FTI. The filing lists transactions totaling 221,218 shares. Following the reported transactions, holdings were 252,508 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Melin Alf
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 11,368 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 209,850 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 252,508 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 transaction did TechnipFMC (FTI) report for Alf Melin?
TechnipFMC reported equity awards to CFO Alf Melin, not open-market trades. He received restricted stock units and performance stock units that convert into Ordinary Shares over time, aligning his compensation with company performance and long-term shareholder value creation.
What are the vesting terms of the new TechnipFMC (FTI) restricted stock units?
The restricted stock units vest over three years in equal installments. One-third of the 11,368 units will vest on each of the first, second, and third anniversaries of the grant date, provided Alf Melin remains employed on each vesting date.
When will Alf Melin’s TechnipFMC (FTI) performance stock units vest?
The performance stock units are scheduled to vest on February 21, 2026. Vesting will occur in the form of Ordinary Shares, and the final number delivered depends on TechnipFMC’s performance against specified performance criteria over the measurement period.
What type of compensation do these TechnipFMC (FTI) awards represent?
The awards represent equity-based compensation in RSUs and PSUs. Each unit converts into one Ordinary Share if vesting conditions are met, tying a significant portion of the CFO’s compensation to TechnipFMC’s share performance and his continued service with the company.