Form 4: Seacor Marine Holdings SVP & CAO Rossmiller Sells Shares Under 10b5-1 Plan

Gregory Scott Rossmiller, SVP & CAO of Seacor Marine Holdings, sold 8,617 shares of common stock at a weighted average price of $15.02 on July 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Gregory Scott Rossmiller, the SVP & CAO of Seacor Marine Holdings Inc., reported the sale of 8,617 shares of common stock on July 16, 2024.
• The shares were sold at a weighted average price of $15.02, with individual prices ranging from $15.00 to $15.06.
• The sale was executed automatically under a Rule 10b5-1 trading plan adopted on November 13, 2023.
• Following the transaction, Rossmiller still beneficially owns 224,897 shares of Seacor Marine Holdings Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider trading activity is always closely watched by investors. A sale by a high-ranking officer like the SVP & CAO can sometimes raise concerns, but the fact that it was done under a pre-arranged 10b5-1 plan mitigates some of those concerns, as it suggests the sale was planned well in advance and not based on any recent non-public information.

Stakeholder Impact

• The sale of shares by a company officer could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan may alleviate some concerns.

Key Dates