Llorca Jesus 4

What Happened
Jesus Llorca, EVP & CFO of SEACOR Marine Holdings (SMHI), had one tranche of performance restricted stock units (PRSUs) convert into 7,703 shares on 2026-03-07. To satisfy tax withholding, 3,933 of those shares were withheld (treated as a disposition) at an implied value of $7.31 per share, totaling $28,750. The conversion (derivative exercise/conversion) had no cash exercise price for the reporting person, so his net increase in shares from this event was 3,770 shares.

Key Details

• Transaction date: 2026-03-07; Form 4 filed: 2026-03-10 (filed within the required reporting window).
• Conversion: 7,703 shares issued on conversion of PRSUs (transaction code M).
• Tax withholding/disposition: 3,933 shares withheld at $7.31/share = $28,750 (transaction code F).
• Net shares issued to insider: 7,703 − 3,933 = 3,770 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: PRSUs convert one-for-one to common stock. The 2023 grant consisted of 38,515 PRSUs in five tranches; one tranche vested and was settled on 3/7/26, while the remaining PRSUs were forfeited.

Context

• These were performance-based RSUs (not option purchases); the conversion had no cash exercise price for the insider.
• The withholding of shares to cover taxes is a common administrative action and does not by itself indicate a market view.
• This filing documents executive compensation settlement (award conversion) rather than an open-market buy or sale by the insider.