JBT MAREL (JBTM) EVP reports stock awards and tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JBT MAREL Corp executive Luiz Augusto Rizzolo reported routine equity award activity. On February 25, he acquired a total of 6,021 shares of Common Stock through grants and PSU settlement, and simultaneously disposed of 2,075 shares to cover tax obligations. On February 26, an additional 261 shares were disposed for tax withholding, leaving him with 9,183 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Rizzolo Luiz Augusto
Role
EVP & Pres., Regions & Int.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 261 | $157.62 | $41K |
| Grant/Award | Common Stock | 4,235 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,075 | $163.40 | $339K |
| Grant/Award | Common Stock | 1,786 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,183 shares (Direct)
Footnotes (1)
- The reported securities represent shares of Common Stock received in settlement of PSUs originally granted on February 22, 2023. The reported securities represent time-based RSUs that will settle in one-for-one in shares of Common Stock and vest ratably over a three-year period, subject to the Reporting Person's continued service through each such date.
FAQ
What insider transactions did JBTM executive Luiz Augusto Rizzolo report?
Luiz Augusto Rizzolo reported equity award activity involving grants and tax-related dispositions of JBT MAREL Corp Common Stock. The filing shows new share awards and shares withheld to satisfy tax liabilities, rather than open-market buying or selling.
What do the JBTM PSU and RSU footnotes in the Form 4 mean?
One footnote states some reported shares came from settlement of PSUs originally granted on February 22, 2023. Another explains newly reported RSUs will vest ratably over three years, settling one-for-one in JBT MAREL Corp Common Stock.
Is the JBTM insider activity an open-market purchase or sale?
The filing indicates grants/awards and tax-withholding dispositions, not open-market trading. Codes A and F show shares were received via equity compensation and some shares were delivered back to cover tax obligations tied to those awards.