Pferdehirt Douglas J. 4

What Happened

• Douglas J. Pferdehirt, Chair and CEO of TechnipFMC plc, had shares withheld to satisfy tax withholding on vested equity awards. Two withholding transactions were reported: 20,604 shares withheld on 2026-02-20 (disposed) at $63.49 each ($1,308,148) and 440,019 shares withheld on 2026-02-23 (disposed) at $64.25 each ($28,271,221). Combined, 460,623 shares were withheld, totaling approximately $29.58 million.
• These were not open-market sales by the insider for cash gain but routine tax-withholding transactions tied to the vesting of restricted and performance stock units.

Key Details

• Transaction dates and amounts:
  • 2026-02-20: 20,604 shares @ $63.49 = $1,308,148 (withheld) — code F
  • 2026-02-23: 440,019 shares @ $64.25 = $28,271,221 (withheld) — code F
• Total shares withheld: 460,623; total value ≈ $29,579,369.
• Footnotes:
  • F1: Shares withheld for taxes on RSUs granted 2024-02-20.
  • F2: Shares withheld for taxes on restricted and performance stock units granted 2023-02-21.
• Filing: Form 4 was filed 2026-02-24. The 2026-02-23 withholding was reported within the typical two-business-day window; the 2026-02-20 withholding appears to have been reported one business day late (filed 2/24).
• Shares owned after the transaction: not specified in the provided filing.

Context

• Code F transactions are tax-withholding dispositions (company retains shares to cover tax liability) and are routine when RSUs/PSUs vest. They generally do not indicate the insider actively selling shares for investment reasons.
• For retail investors, tax-withholding disposals are common and typically less informative about insider sentiment than open-market purchases or voluntary sales.