TechnipFMC CEO has 639K shares withheld for tax
Rhea-AI Filing Summary
TechnipFMC plc (FTI) reported that Chair and CEO Douglas J. Pferdehirt had 639,925 Ordinary Shares withheld on August 25, 2026 to pay tax liabilities related to performance stock units under the company's Value Creation Plan that were earned and vested on July 27, 2026. After this withholding, he directly holds 3,398,167 Ordinary Shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 639,925 shares
Net Sell
1 txn
Insider
Pferdehirt Douglas J.
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares F1 | 639,925 | $75.20 | $48.12M |
Holdings After Transaction:
Ordinary Shares — 3,398,167 shares (Direct)
Footnotes (1)
- F1. Represents Ordinary Shares withheld for payment of taxes on performance stock units under the Company's Value Creation Plan that were earned and vested on July 27, 2026.
Key Figures
Shares withheld for taxes: 639,925 Ordinary Shares
Price per share for withholding: $75.20 per share
Shares owned after transaction: 3,398,167 Ordinary Shares
3 metrics
Shares withheld for taxes
639,925 Ordinary Shares
Withheld on August 25, 2026 to pay tax liability on vested performance stock units
Price per share for withholding
$75.20 per share
Applied to the 639,925 Ordinary Shares withheld for tax payment
Shares owned after transaction
3,398,167 Ordinary Shares
Direct holdings of Douglas J. Pferdehirt following the August 25, 2026 transaction
Key Terms
Ordinary Shares, performance stock units, Value Creation Plan
3 terms
performance stock units financial
"withheld for payment of taxes on performance stock units under the"
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
"performance stock units under the Company's Value Creation Plan that"
FAQ
What insider transaction did TechnipFMC (FTI) disclose for Douglas J. Pferdehirt?
TechnipFMC disclosed that Douglas J. Pferdehirt had 639,925 Ordinary Shares withheld on August 25, 2026 to pay taxes due on vested performance stock units under the Value Creation Plan.
Was the August 25, 2026 TechnipFMC (FTI) insider transaction an open-market sale?
No. The filing states the 639,925 Ordinary Shares were withheld for payment of taxes on performance stock units, not sold in an open-market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.