SEACOR Marine (SMHI) CFO receives stock and performance-based RSU awards
Rhea-AI Filing Summary
Llorca Jesus reported acquisition or exercise transactions in this Form 4 filing.
SEACOR Marine Holdings EVP & CFO Jesus Llorca reported equity awards that increase his direct stake in the company. He received 70,865 shares of Common Stock as a grant, bringing his total common share holdings to 601,489 shares.
He was also granted 34,010 Performance Restricted Stock Units, each representing a potential future share of Common Stock if specific performance and service conditions are met. The restricted stock grant vests in five equal annual installments from March 4, 2027 through March 4, 2031, while the performance units are split into five tranches with stock price goals between $7.67 and $11.08 that must be maintained for 60 consecutive trading days within a three‑year performance period before settlement on the third anniversary of the grant, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 34,010 | $0.00 | -- |
| Grant/Award | Common Stock | 70,865 | $0.00 | -- |
Footnotes (1)
- The restricted stock award reported on this Form 4 will lapse in five equal annual installments beginning on March 4, 2027 and ending on March 4, 2031. Each Performance Restricted Stock Unit (each, a "PRSU") represents a contingent right to receive, at vesting, one share of Common Stock subject to the achievement of certain performance goals and service-based vesting requirements. These PRSUs consist of five equal tranches, each of which will be earned if and when the closing price of one share of Common Stock equals or exceeds the specified stock price performance goal for such tranche for 60 consecutive trading days during the three year performance period beginning on the grant date, provided that any earned PRSUs will not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement. The specified stock price performance goals for each tranche are $7.67, $8.52, $9.38, $10.23 and $11.08, respectively.