SEACOR Marine SVP vests 3,984 performance RSUs
SEACOR Marine Holdings Inc. senior vice president, general counsel and secretary Andrew H. Everett II exercised 3,984 performance restricted stock units, converting them into the same number of common shares.
Rhea-AI Filing Summary
SEACOR Marine Holdings Inc. senior vice president, general counsel and secretary Andrew H. Everett II exercised 3,984 performance restricted stock units, converting them into the same number of common shares. Of these, 2,038 shares were withheld at $7.31 per share to cover tax obligations, leaving him with 293,595 directly held shares. The vested units represented one earned tranche from a 19,920-unit 2023 performance grant, while the remaining 2023 performance units were forfeited.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units | 3,984 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,984 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,038 | $7.31 | $15K |
Footnotes (2)
- F1. Performance restricted stock units ("PRSUs") convert into shares of Common Stock on a one-for-one basis.
- F2. On 3/7/23, the Reporting Person was granted 19,920 PRSUs ("2023 PRSUs") consisting of five equal tranches, each of which would 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 would 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 were $11.61, $13.21, $14.91, $16.62 and $18.22, respectively. The service-based vesting requirements and one of the specified stock price performance goals were satisfied during the performance period ending 3/7/26, and the shares of Common Stock were issued at such date with respect to one tranche of the 2023 PRSUs. The remaining 2023 PRSUs were forfeited.
FAQ
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What insider transaction did SEACOR Marine (SMHI) report for Andrew H. Everett II?
What are the key terms of the 2023 performance restricted stock units for SEACOR Marine (SMHI)?
How many 2023 performance RSUs for SEACOR Marine (SMHI) ultimately vested for Andrew H. Everett II?
What stock price performance goals applied to SEACOR Marine (SMHI) 2023 PRSU tranches?
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