BRONDEAU PIERRE R 4
Research Summary
AI-generated summary
FMC (FMC) CEO Pierre Brondeau Sells 34,177 Shares to Cover Taxes
What Happened
- Pierre R. Brondeau, Chairman, CEO & President and a director of FMC Corp (FMC), had 34,177 shares disposed on June 11, 2026 to satisfy tax withholding obligations. The withheld shares were valued at $10.80 each, totaling $369,112.
- These 34,177 shares were taken from a larger vesting of 74,314 shares that vested the same day; the net shares retained by Brondeau from that grant were 40,137 (74,314 vested − 34,177 withheld). This was a tax-withholding disposition, not an open-market sale for investment purposes.
Key Details
- Transaction date: 2026-06-11; Filing date (Form 4): 2026-06-15.
- Transaction type/code: F — payment of exercise price or tax liability (tax withholding by surrendering shares).
- Shares withheld/disposed: 34,177 at $10.80 each; total value ≈ $369,112.
- Shares vested on that date: 74,314 (grant originally made 2026-06-11? — grant was made on June 11, 2024 per footnote).
- Net shares delivered to insider after withholding: 40,137.
- Shares owned after the transaction: not specified in this filing.
- Timeliness: Form 4 filed June 15, 2026 (reflects the report covering the June 11 transaction and was filed within the standard Form 4 reporting timeframe).
Context
- This was a routine tax-withholding event tied to restricted stock/award vesting — common practice when shares vest so taxes are paid by withholding a portion of the award. It does not necessarily signal a change in the insider’s view of the company.
- For investors, purchases or open-market sales can be more informative about sentiment; tax-withholding disposals are administrative.
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