SEACOR Marine (NYSE: SMHI) CFO uses 66,997 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEACOR Marine Holdings EVP & CFO Jesus Llorca reported a tax-related share disposition. On this Form 4, he used 66,997 shares of common stock, valued at $7.63 per share, to satisfy tax withholding obligations rather than selling shares in the open market.
After this tax-withholding disposition, he directly owns 534,492 shares of SEACOR Marine common stock. The filing reflects an administrative transaction tied to equity compensation, not a discretionary purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Llorca Jesus
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 66,997 | $7.63 | $511K |
Holdings After Transaction:
Common Stock — 534,492 shares (Direct)
Footnotes (1)
FAQ
What did SMHI EVP & CFO Jesus Llorca report on this Form 4?
Jesus Llorca reported a tax-withholding disposition of SEACOR Marine common stock. He used 66,997 shares at $7.63 per share to cover tax obligations linked to equity compensation, rather than selling shares for investment reasons.
Is the SMHI CFO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Code F indicates shares were delivered to cover tax liabilities arising from equity awards, making this an administrative event rather than a discretionary selling decision.
What does transaction code F mean in the SMHI Form 4 filing?
Transaction code F means the shares were used for payment of exercise price or tax liability by delivering securities. In this case, the CFO delivered 66,997 SEACOR Marine shares to meet tax withholding tied to stock-based compensation.