Form 4: Seacor Marine Holdings SVP & CAO Rossmiller Gregory Scott Reports Stock Transactions
SEC Form 4 Filing
Gregory Scott Rossmiller, SVP & CAO of Seacor Marine Holdings Inc., reports the conversion of performance restricted stock units into common stock and subsequent disposal of shares to cover tax obligations.
Summary
- On March 11, 2025, Gregory Scott Rossmiller, SVP & CAO of Seacor Marine Holdings Inc., converted 20,080 performance restricted stock units (PRSUs) into common stock.
- The conversion was triggered by the satisfaction of stock price performance goals for five tranches of PRSUs granted on March 11, 2022.
- The performance goals required the closing price of Seacor Marine Holdings Inc. common stock to equal or exceed specified prices for 60 consecutive trading days during a three-year period.
- Following the conversion, Rossmiller disposed of 7,902 shares of common stock at a price of $5.08 per share.
- This disposal was likely to cover tax obligations related to the vesting of the PRSUs.
- After these transactions, Rossmiller beneficially owns 283,204 shares of Seacor Marine Holdings Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The vesting of PRSUs suggests the company met performance targets, but the subsequent sale of shares could be interpreted in various ways. The sale was likely to cover tax obligations.
Positives
- The vesting of PRSUs indicates that Seacor Marine Holdings Inc. met certain stock price performance goals, which could be viewed positively by investors.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's future prospects. The vesting of PRSUs suggests that the company has achieved certain performance targets.
Stakeholder Impact
- The vesting of PRSUs and subsequent stock disposal may have a minor impact on shareholders due to the potential dilution and market activity.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Reporting Person was granted 20,080 PRSUs consisting of five equal tranches |
| 03/11/2025 | Conversion of PRSUs to common stock and disposal of shares. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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