Form 4: TechnipFMC Executive Jonathan Landes Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Jonathan Landes, President of Subsea at TechnipFMC, sold shares of the company's stock on March 1st and 4th, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Jonathan Landes, President, Subsea at TechnipFMC, reported the sale of ordinary shares on March 1, 2024, and March 4, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 30, 2023.
- On March 1, 2024, 5,691 shares were sold at a price of $21.98 per share.
- Additionally on March 1, 2024, 99,546 shares were withheld for payment of taxes on vesting of restricted and performance stock units granted on April 1, 2021, at a price of $22.58.
- On March 4, 2024, 153,428 shares were sold at a weighted average price of $21.88, with individual transactions ranging from $21.64 to $22.58.
- Following these transactions, Landes directly owns 117,646 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of transactions.
Industry Context
This filing reflects routine transactions by a company executive under a pre-arranged trading plan, which is a common practice to avoid accusations of insider trading. It provides transparency into executive stock transactions.
Stakeholder Impact
- The share sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the volume and pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 2021-04-01 | Date of grant of restricted and performance stock units. |
| 2023-11-30 | Date the Rule 10b5-1 trading plan was adopted. |
| 2024-03-01 | Date of share sales and withholding of shares for taxes. |
| 2024-03-04 | Date of share sales. |
| 2024-03-05 | Date of signature of the Form 4 filing. |
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