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 and subsequent disposition of shares to cover tax obligations.
Summary
- Gregory Scott Rossmiller, a Senior Vice President and CAO at Seacor Marine Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 12, 2024, Rossmiller converted 15,790 performance restricted stock units (PRSUs) into common stock.
- Also on March 12, 2024, Rossmiller disposed of 6,214 shares of common stock at a price of $12.54 to satisfy tax obligations.
- Following these transactions, Rossmiller directly owns 233,514 shares of Seacor Marine Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance-based compensation and subsequent actions to cover tax liabilities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in outstanding shares from the PRSU conversion and the subsequent sale of shares.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Reporting Person was granted 15,790 PRSUs consisting of five equal tranches |
| 03/12/2024 | Conversion of 15,790 Performance Restricted Stock Units (PRSUs) into common stock. |
| 03/12/2024 | Disposition of 6,214 shares of common stock at $12.54 to cover tax obligations. |
| 03/14/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.