Executive at SEACOR Marine (SMHI) granted stock and PRSU awards
Rhea-AI Filing Summary
Everett Andrew H II reported acquisition or exercise transactions in this Form 4 filing.
SEACOR Marine Holdings Inc. reported that senior vice president and general counsel Andrew H. Everett II received equity awards. He was granted 17,595 Performance Restricted Stock Units and 36,655 shares of Common Stock, both at a price of $0.00 per share, as compensation grants.
The restricted stock award will vest in five equal annual installments from March 4, 2027 through March 4, 2031. Each Performance Restricted Stock Unit represents a contingent right to receive one share of Common Stock, subject to performance goals and service-based vesting over a three-year performance period.
The PRSUs are divided into five equal tranches, each earned only if the closing stock price meets or exceeds specified performance goals for 60 consecutive trading days, with targets of $7.67, $8.52, $9.38, $10.23 and $11.08, and any earned units settle on the third anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 17,595 | $0.00 | -- |
| Grant/Award | Common Stock | 36,655 | $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.