Form 4: Landes Jonathan reports acquisition/exercise transactions in FTI
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Landes Jonathan reported acquisition or exercise transactions in a Form 4 filing for FTI. The filing lists transactions totaling 146,934 shares. Following the reported transactions, holdings were 95,665 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Landes Jonathan
Role
President, Subsea
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 9,534 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 137,400 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 95,665 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 did TechnipFMC (FTI) disclose about Jonathan Landes in this Form 4?
TechnipFMC disclosed that President, Subsea Jonathan Landes received equity awards. He was granted restricted stock units and performance stock units at a grant price of $0.00 per share, increasing his direct holdings through compensation rather than market purchases.
How many TechnipFMC (FTI) restricted stock units did Jonathan Landes receive?
Jonathan Landes received 9,534 restricted stock units. These units each represent a contingent right to one ordinary share and vest in three equal annual installments over three years, subject to his continued service with TechnipFMC on each vesting date.
What performance stock units were awarded to Jonathan Landes at TechnipFMC (FTI)?
He was awarded 137,400 performance stock units. These are scheduled to vest on February 21, 2026, in the form of ordinary shares, depending on TechnipFMC’s performance against defined performance criteria over the applicable measurement period.
At what price were the TechnipFMC (FTI) equity awards granted to Jonathan Landes?
Both the restricted stock units and performance stock units were granted at a price of $0.00 per share. This indicates they are compensation awards, not open-market purchases, and will convert into ordinary shares only upon satisfying vesting and performance conditions.
How do the TechnipFMC (FTI) restricted stock units granted to Landes vest?
The restricted stock units vest over three years. One-third of the shares vests on each of the first, second, and third anniversaries of the grant date, provided Jonathan Landes remains employed by TechnipFMC on each applicable vesting date.
When do Jonathan Landes’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 number of shares delivered will depend on TechnipFMC’s performance relative to specified performance criteria.