Everett Andrew H II 4
Research Summary
AI-generated summary
SEACOR Marine (SMHI) GC Everett Andrew H II Receives Stock Awards
What Happened
- Everett Andrew H II, Senior Vice President, General Counsel & Secretary of SEACOR Marine Holdings, received equity awards on Feb 27, 2026: 36,655 restricted shares (no cash cost) and 17,595 Performance Restricted Stock Units (PRSUs, derivative/contingent). Both transactions were reported as acquisitions (code A) at $0.00 per share.
Key Details
- Transaction date: 2026-02-27; reported price for both items: $0.00.
- Shares/units granted: 36,655 restricted shares; 17,595 PRSUs — total economic interest awarded = 54,250 potential shares (17,595 PRSUs are contingent).
- Shares owned after transaction: Not disclosed in the materials provided.
- Vesting/settlement notes:
- Restricted stock award vests (lapses) in five equal annual installments beginning March 4, 2027 and ending March 4, 2031. (F1)
- Each PRSU represents a contingent right to one share at vesting and is earned only if performance and service conditions are met. (F2)
- PRSUs are in five equal tranches, each earned only if the closing stock price meets the tranche threshold for 60 consecutive trading days within the three-year performance period; earned PRSUs, if any, will not be settled until the third anniversary of the grant and remain subject to service-based vesting. Tranche price targets: $7.67, $8.52, $9.38, $10.23, $11.08. (F3)
- Filing timeliness: No late-filing indication provided.
Context
- This was an award/grant (not an open-market purchase or sale). Restricted shares are time-based and provide immediate ownership subject to lapse/forfeiture rules; PRSUs are performance-contingent (derivative) and convert to shares only if targets and service conditions are met. Awards at $0 cost are common as executive compensation and do not by themselves indicate buying or selling sentiment.