JBT MAREL Corp·4

Feb 27, 3:46 PM ET

Deck Brian A 4

Research Summary

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JBT MAREL (JBTM) CEO Brian Deck Receives Awards; Shares Withheld for Taxes

What Happened

  • Brian A. Deck, CEO and director of JBT MAREL Corp (JBTM), received stock awards (PSUs/RSUs) that settled on Feb 25–26, 2026 and had a total of 16,850 shares withheld to cover tax obligations. Withheld shares: 14,425 at $163.40 each ($2,357,045) on Feb 25, 2026, and 2,425 at $157.62 each ($382,229) on Feb 26, 2026. The awards included 30,495 and 16,072 shares granted (reported at $0.00 acquisition price as awards).

Key Details

  • Transaction dates and amounts:
    • 2026-02-25: Award of 30,495 shares (PSU settlement per footnote); 14,425 shares withheld for taxes at $163.40/share = $2,357,045.
    • 2026-02-25: Award of 16,072 RSUs (time‑based).
    • 2026-02-26: 2,425 shares withheld for taxes at $157.62/share = $382,229.
  • Total shares withheld: 16,850; total withholding value ≈ $2,739,274.
  • Shares owned after the transactions: not specified in the provided filing details.
  • Footnotes:
    • F1: The settled shares include Common Stock received in settlement of PSUs originally granted Feb 22, 2023.
    • F2: The RSUs are time‑based and vest ratably over three years, subject to continued service.
  • Filing/timeliness: Report filed Feb 27, 2026 for transactions dated Feb 25–26, 2026 (filed shortly after the transactions; no late-filing flag provided).

Context

  • This was not an open-market sale: shares were withheld to satisfy tax withholding obligations associated with vested awards (routine corporate practice). The reported per-share values reflect the reported fair market value used for withholding, not necessarily a public sale price indicating trading intent.