STOCK TITAN

[Form 4] Odyssey Marine Exploration, Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

PNC Financial Services Group (PNC) – Form 4 insider transaction. Director Richard J. Harshman reported the acquisition of 119 phantom stock units on 01 July 2025 at an implied price of $192.52 per unit (≈ $23,000 in value). The units were credited to the issuer’s Deferred Compensation Plan; each phantom unit is economically equivalent to one share of PNC common stock but will be settled in cash at distribution. After the transaction, Harshman beneficially owns 2,032 phantom stock units indirectly and 8,635 deferred stock units (DSUs) directly under the Directors Deferred Stock Unit Program, both of which accrue dividend-equivalent units. No shares of common stock were bought or sold on the open market, and no derivatives were exercised or expired. The filing indicates continued, albeit modest, accumulation of equity-linked compensation by a non-executive director rather than a discretionary market purchase, suggesting limited near-term signaling value for public shareholders.

PNC Financial Services Group (PNC) – Transazione interna Form 4. Il direttore Richard J. Harshman ha segnalato l'acquisizione di 119 unità di azioni fantasma il 01 luglio 2025 a un prezzo implicito di $192,52 per unità (circa $23.000 in valore). Le unità sono state accreditate al Piano di Compensazione Differita dell'emittente; ogni unità fantasma è economicamente equivalente a una azione ordinaria PNC ma sarà liquidata in contanti al momento della distribuzione. Dopo la transazione, Harshman detiene indirettamente 2.032 unità di azioni fantasma e direttamente 8.635 unità di azioni differite (DSU) nell'ambito del Programma di Unità di Azioni Differite per i Direttori, entrambe con accumulo di unità equivalenti ai dividendi. Nessuna azione ordinaria è stata acquistata o venduta sul mercato aperto, e nessun derivato è stato esercitato o scaduto. La comunicazione indica un accumulo continuo, seppur modesto, di compensi legati all'equity da parte di un direttore non esecutivo piuttosto che un acquisto discrezionale sul mercato, suggerendo un valore di segnale limitato nel breve termine per gli azionisti pubblici.

PNC Financial Services Group (PNC) – Transacción interna Formulario 4. El director Richard J. Harshman reportó la adquisición de 119 unidades de acciones fantasma el 01 de julio de 2025 a un precio implícito de $192.52 por unidad (≈ $23,000 en valor). Las unidades fueron acreditadas al Plan de Compensación Diferida del emisor; cada unidad fantasma es económicamente equivalente a una acción común de PNC pero se liquidará en efectivo al momento de la distribución. Tras la transacción, Harshman posee indirectamente 2,032 unidades de acciones fantasma y directamente 8,635 unidades de acciones diferidas (DSU) bajo el Programa de Unidades de Acciones Diferidas para Directores, ambas acumulando unidades equivalentes a dividendos. No se compraron ni vendieron acciones comunes en el mercado abierto, ni se ejercieron ni expiraron derivados. La presentación indica una acumulación continua, aunque modesta, de compensación vinculada a acciones por parte de un director no ejecutivo en lugar de una compra discrecional en el mercado, lo que sugiere un valor de señal limitado a corto plazo para los accionistas públicos.

PNC Financial Services Group (PNC) – Form 4 내부자 거래 보고. 이사 Richard J. Harshman은 2025년 7월 1일119개의 팬텀 스톡 유닛을 단위당 $192.52의 암시적 가격으로 취득했다고 보고했습니다(약 $23,000 상당). 이 유닛들은 발행사의 이연 보상 계획에 적립되었으며, 각 팬텀 유닛은 PNC 보통주 1주와 경제적으로 동일하지만 분배 시 현금으로 정산됩니다. 거래 후 Harshman은 간접적으로 2,032개의 팬텀 스톡 유닛과 직접적으로 8,635개의 이연 주식 유닛(DSU)를 이사 이연 주식 유닛 프로그램 하에 보유하며, 두 가지 모두 배당금 상당 유닛이 누적됩니다. 공개 시장에서 보통주 매매나 파생상품 행사 및 만료는 없었습니다. 이번 신고는 비임원 이사가 자발적 시장 매수가 아닌 주식 연계 보상을 계속해서, 다소 소규모로 축적하고 있음을 나타내며, 공공 주주에게 단기적인 신호 가치는 제한적임을 시사합니다.

PNC Financial Services Group (PNC) – Transaction d’initié Formulaire 4. Le directeur Richard J. Harshman a déclaré l’acquisition de 119 unités d’actions fantômes le 1er juillet 2025 à un prix implicite de 192,52 $ par unité (≈ 23 000 $ en valeur). Les unités ont été créditées au Plan de Compensation Différée de l’émetteur ; chaque unité fantôme est économiquement équivalente à une action ordinaire PNC mais sera réglée en espèces lors de la distribution. Après la transaction, Harshman détient indirectement 2 032 unités d’actions fantômes et directement 8 635 unités d’actions différées (DSU) dans le cadre du Programme d’Unités d’Actions Différées des Administrateurs, qui accumulent toutes deux des unités équivalentes aux dividendes. Aucune action ordinaire n’a été achetée ou vendue sur le marché ouvert, et aucun dérivé n’a été exercé ou expiré. Le dépôt indique une accumulation continue, bien que modeste, de rémunération liée aux actions par un administrateur non exécutif plutôt qu’un achat discrétionnaire sur le marché, suggérant une valeur de signal limitée à court terme pour les actionnaires publics.

PNC Financial Services Group (PNC) – Form 4 Insider-Transaktion. Direktor Richard J. Harshman meldete den Erwerb von 119 Phantom-Aktieneinheiten am 01. Juli 2025 zu einem impliziten Preis von 192,52 $ pro Einheit (≈ 23.000 $ Wert). Die Einheiten wurden dem Deferred Compensation Plan des Emittenten gutgeschrieben; jede Phantom-Einheit entspricht wirtschaftlich einer Aktie der PNC-Stammaktien, wird jedoch bei Ausschüttung bar abgewickelt. Nach der Transaktion besitzt Harshman indirekt 2.032 Phantom-Aktieneinheiten und direkt 8.635 Deferred Stock Units (DSUs) im Rahmen des Directors Deferred Stock Unit Programms, welche beide Dividendenäquivalente ansammeln. Es wurden keine Stammaktien am offenen Markt gekauft oder verkauft, und keine Derivate wurden ausgeübt oder sind verfallen. Die Meldung deutet auf eine fortgesetzte, wenn auch moderate Ansammlung von aktiengebundener Vergütung durch einen nicht geschäftsführenden Direktor hin, statt eines diskretionären Marktkaufs, was für öffentliche Aktionäre nur einen begrenzten kurzfristigen Signalwert nahelegt.

Positive
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Negative
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Insights

TL;DR Small phantom-unit accrual by director; cash-settled, non-dilutive, negligible valuation impact.

The reported 119-unit credit increases Harshman’s indirect position by roughly 6% but represents less than 0.00003% of PNC’s outstanding shares. Because phantom stock units settle in cash, they do not create new equity or affect EPS dilution. The transaction stems from deferred compensation, not an open-market buy, limiting its signaling value. Nonetheless, the director continues to align pay with shareholder performance through equity-linked vehicles, which is marginally positive from a governance perspective.

TL;DR Routine deferred-comp grant; governance-aligned, but immaterial to investors.

Deferred and phantom units are standard components of PNC’s board compensation. Such instruments defer taxation and encourage long-term alignment without issuing new shares. Because settlement occurs in cash, investors face no dilution risk. The small size and automatic nature of the accrual render the filing non-impactful for valuation or trading purposes. No red flags are evident in reporting timeliness or form accuracy.

PNC Financial Services Group (PNC) – Transazione interna Form 4. Il direttore Richard J. Harshman ha segnalato l'acquisizione di 119 unità di azioni fantasma il 01 luglio 2025 a un prezzo implicito di $192,52 per unità (circa $23.000 in valore). Le unità sono state accreditate al Piano di Compensazione Differita dell'emittente; ogni unità fantasma è economicamente equivalente a una azione ordinaria PNC ma sarà liquidata in contanti al momento della distribuzione. Dopo la transazione, Harshman detiene indirettamente 2.032 unità di azioni fantasma e direttamente 8.635 unità di azioni differite (DSU) nell'ambito del Programma di Unità di Azioni Differite per i Direttori, entrambe con accumulo di unità equivalenti ai dividendi. Nessuna azione ordinaria è stata acquistata o venduta sul mercato aperto, e nessun derivato è stato esercitato o scaduto. La comunicazione indica un accumulo continuo, seppur modesto, di compensi legati all'equity da parte di un direttore non esecutivo piuttosto che un acquisto discrezionale sul mercato, suggerendo un valore di segnale limitato nel breve termine per gli azionisti pubblici.

PNC Financial Services Group (PNC) – Transacción interna Formulario 4. El director Richard J. Harshman reportó la adquisición de 119 unidades de acciones fantasma el 01 de julio de 2025 a un precio implícito de $192.52 por unidad (≈ $23,000 en valor). Las unidades fueron acreditadas al Plan de Compensación Diferida del emisor; cada unidad fantasma es económicamente equivalente a una acción común de PNC pero se liquidará en efectivo al momento de la distribución. Tras la transacción, Harshman posee indirectamente 2,032 unidades de acciones fantasma y directamente 8,635 unidades de acciones diferidas (DSU) bajo el Programa de Unidades de Acciones Diferidas para Directores, ambas acumulando unidades equivalentes a dividendos. No se compraron ni vendieron acciones comunes en el mercado abierto, ni se ejercieron ni expiraron derivados. La presentación indica una acumulación continua, aunque modesta, de compensación vinculada a acciones por parte de un director no ejecutivo en lugar de una compra discrecional en el mercado, lo que sugiere un valor de señal limitado a corto plazo para los accionistas públicos.

PNC Financial Services Group (PNC) – Form 4 내부자 거래 보고. 이사 Richard J. Harshman은 2025년 7월 1일119개의 팬텀 스톡 유닛을 단위당 $192.52의 암시적 가격으로 취득했다고 보고했습니다(약 $23,000 상당). 이 유닛들은 발행사의 이연 보상 계획에 적립되었으며, 각 팬텀 유닛은 PNC 보통주 1주와 경제적으로 동일하지만 분배 시 현금으로 정산됩니다. 거래 후 Harshman은 간접적으로 2,032개의 팬텀 스톡 유닛과 직접적으로 8,635개의 이연 주식 유닛(DSU)를 이사 이연 주식 유닛 프로그램 하에 보유하며, 두 가지 모두 배당금 상당 유닛이 누적됩니다. 공개 시장에서 보통주 매매나 파생상품 행사 및 만료는 없었습니다. 이번 신고는 비임원 이사가 자발적 시장 매수가 아닌 주식 연계 보상을 계속해서, 다소 소규모로 축적하고 있음을 나타내며, 공공 주주에게 단기적인 신호 가치는 제한적임을 시사합니다.

PNC Financial Services Group (PNC) – Transaction d’initié Formulaire 4. Le directeur Richard J. Harshman a déclaré l’acquisition de 119 unités d’actions fantômes le 1er juillet 2025 à un prix implicite de 192,52 $ par unité (≈ 23 000 $ en valeur). Les unités ont été créditées au Plan de Compensation Différée de l’émetteur ; chaque unité fantôme est économiquement équivalente à une action ordinaire PNC mais sera réglée en espèces lors de la distribution. Après la transaction, Harshman détient indirectement 2 032 unités d’actions fantômes et directement 8 635 unités d’actions différées (DSU) dans le cadre du Programme d’Unités d’Actions Différées des Administrateurs, qui accumulent toutes deux des unités équivalentes aux dividendes. Aucune action ordinaire n’a été achetée ou vendue sur le marché ouvert, et aucun dérivé n’a été exercé ou expiré. Le dépôt indique une accumulation continue, bien que modeste, de rémunération liée aux actions par un administrateur non exécutif plutôt qu’un achat discrétionnaire sur le marché, suggérant une valeur de signal limitée à court terme pour les actionnaires publics.

PNC Financial Services Group (PNC) – Form 4 Insider-Transaktion. Direktor Richard J. Harshman meldete den Erwerb von 119 Phantom-Aktieneinheiten am 01. Juli 2025 zu einem impliziten Preis von 192,52 $ pro Einheit (≈ 23.000 $ Wert). Die Einheiten wurden dem Deferred Compensation Plan des Emittenten gutgeschrieben; jede Phantom-Einheit entspricht wirtschaftlich einer Aktie der PNC-Stammaktien, wird jedoch bei Ausschüttung bar abgewickelt. Nach der Transaktion besitzt Harshman indirekt 2.032 Phantom-Aktieneinheiten und direkt 8.635 Deferred Stock Units (DSUs) im Rahmen des Directors Deferred Stock Unit Programms, welche beide Dividendenäquivalente ansammeln. Es wurden keine Stammaktien am offenen Markt gekauft oder verkauft, und keine Derivate wurden ausgeübt oder sind verfallen. Die Meldung deutet auf eine fortgesetzte, wenn auch moderate Ansammlung von aktiengebundener Vergütung durch einen nicht geschäftsführenden Direktor hin, statt eines diskretionären Marktkaufs, was für öffentliche Aktionäre nur einen begrenzten kurzfristigen Signalwert nahelegt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Longley John D Jr

(Last) (First) (Middle)
205 S. HOOVER BLVD. STE #210

(Street)
TAMPA FL 33609

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ODYSSEY MARINE EXPLORATION INC [ OMEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & COO
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/27/2025 A 144,466 A $1.0383(1) 256.362 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares acquired pursuant to an Equity Exchange Agreement dated June 27, 2025 (the "Exchange Agreement"), between the Issuer and the Reporting Person, in exchange for equity interests in a subsidiary of the Issuer held by the Reporting Person. The price ($1.03831) represents the 30-day volume-weighted average price per share of the Issuer's common stock on the date of the Exchange Agreement.
/s/ John D Longley Jr 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Odyssey Marine Expl Inc

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