Pferdehirt Douglas J. 4
Research Summary
AI-generated summary
TechnipFMC CEO Douglas Pferdehirt Receives RSU & PSU Awards
What Happened
- Douglas J. Pferdehirt, Chair and Chief Executive Officer of TechnipFMC plc (FTI), was granted a total of 1,103,692 equity awards on 2026-02-16: 61,408 restricted stock units (RSUs) and 1,042,284 performance stock units (PSUs). Each award was reported at $0.00 (award/grant), so the filing shows $0 cash consideration for the grants. These are not open-market purchases or sales but compensation awards.
Key Details
- Transaction date: 2026-02-16; Filing date/accession: 2026-02-17.
- Transaction type/code: A = Award/Grant (restricted stock units and performance stock units).
- Shares granted: 61,408 RSUs and 1,042,284 PSUs (total 1,103,692).
- Price/value: $0.00 per share at grant (standard for equity awards; value realized depends on future share price and vesting).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 = RSUs vest 1/3 on each of the first, second and third anniversaries of the grant date, subject to continued service. F2 = PSUs are performance-based and are scheduled to vest on Feb 21, 2026 based on the company's achievement of specified performance criteria.
- Filing timeliness: Reported the day after the transaction (filed 2026-02-17 for a 2026-02-16 grant); no late-filing flag indicated.
Context
- RSUs: represent a contingent right to receive ordinary shares if the service/vesting conditions are met (time-based vesting over three years here). PSUs: vest only if performance targets are met; their eventual payout can range from 0% to above target depending on outcomes.
- These awards are compensation-related grants rather than purchases or sales and therefore do not directly signal insider buying or selling of existing shares. They increase potential future share issuance to the insider if/when vesting and payout conditions are met.