Gellert John M 4
4 · SEACOR Marine Holdings Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
SEACOR Marine (SMHI) CEO John Gellert Receives Stock Award
What Happened
- John M. Gellert, President & CEO and a director of SEACOR Marine Holdings, was granted 87,965 restricted shares and 42,220 performance-based restricted stock units (PRSUs) on February 27, 2026. Both grants were reported at $0.00 per share (no cash paid).
Key Details
- Transaction date: 2026-02-27. Reported price: $0.00; reported cash value: $0.
- Award types: 87,965 restricted stock award (time-based) and 42,220 PRSUs (derivative, performance‑contingent).
- Restricted stock vesting: lapses in five equal annual installments beginning March 4, 2027 and ending March 4, 2031. (Footnote F1)
- PRSU terms: each PRSU converts to one share only if performance and service conditions are met (contingent on stock-price hurdles); five equal tranches with price targets of $7.67, $8.52, $9.38, $10.23 and $11.08 per share, each requiring 60 consecutive trading days at or above the tranche price during the three‑year performance period. Any earned PRSUs won’t be settled until the third anniversary of the grant date, subject to service vesting. (Footnotes F6–F7)
- Indirect ownership/roles: some reported holdings are held indirectly through entities the Reporting Person manages (JMG Assets, LLC; JMG GST LLC; MCG Assets, LLC) and via a family trust; the filing includes disclaimers of beneficial ownership except to the extent of pecuniary interest. (Footnotes F2–F5)
- Shares owned after the reported transaction were not specified in the Form 4 filing.
- No late‑filing indication was provided in the filing metadata.
Context
- This is an award/grant (not an open‑market buy or sale). Restricted shares and PRSUs are common executive compensation tools tying pay to continued service and stock performance; PRSUs are contingent and will only convert to stock if specified performance goals and service terms are met. This filing is informational and does not, by itself, indicate the insider’s personal trading intent.
Insider Transaction Report
Form 4
Gellert John M
DirectorPresident and CEO
Transactions
- Award
Common Stock
[F1]2026-02-27+87,965→ 1,113,585 total - Award
Performance Restricted Stock Units
[F6][F7]2026-02-27+42,220→ 42,220 total→ Common Stock (42,220 underlying)
Holdings
- 109,109(indirect: By LLC)
Common Stock
[F2] - 95,158(indirect: By LLC)
Common Stock
[F3] - 26,557(indirect: By Trust)
Common Stock
[F4] - 17,180(indirect: By LLC)
Common Stock
[F5]
Footnotes (7)
- [F1]The restricted stock award reported on this Form 4 will lapse in five equal annual installments beginning on March 4, 2027 and ending on March 4, 2031.
- [F2]The shares reported here are indirectly owned by the Reporting Person through JMG Assets, LLC. The Reporting Person is the manager of JMG Assets, LLC
- [F3]The shares reported here are indirectly owned by the Reporting Person through JMG GST LLC. The Reporting Person is the manager of JMG GST LLC.
- [F4]The Reporting Person is a co-investment director and beneficiary of the Michael E. Gellert 2011 Family Trust, and of which he disclaims beneficial ownership except to the extent of his pecuniary interest in the shares.
- [F5]The Reporting Person serves as a manager of MCG Assets, LLC and, as such, has the power to direct the voting and disposition of the reported shares. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest in the shares.
- [F6]Each Performance Restricted Stock Unit (each, a "PRSU") represents a contingent right to receive, at vesting, one share of Common Stock subject to the achievement of certain performance goals and service-based vesting requirements.
- [F7]These PRSUs consist of five equal tranches, each of which will be earned if and when the closing price of one share of Common Stock equals or exceeds the specified stock price performance goal for such tranche for 60 consecutive trading days during the three year performance period beginning on the grant date, provided that any earned PRSUs will not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement. The specified stock price performance goals for each tranche are $7.67, $8.52, $9.38, $10.23 and $11.08, respectively.
Signature
/s/ Andrew H. Everett II, Attorney-in-Fact|2026-03-02