Petrie Robert James 4

What Happened

• Robert Petrie, EVP & President, Meat/Prepared Food at JBT MAREL (JBTM), received equity awards that resulted in 6,700 shares of common stock (two awards: 4,659 and 2,041 shares). To satisfy tax withholding obligations, 2,889 of those shares were disposed of on 2026-02-25 and 2026-02-26, producing approximately $469,906 in proceeds (2,516 shares at $163.40 = $411,114; 373 shares at $157.62 = $58,792). The awards were reported as acquisitions (code A) and the withholdings/tax payments as disposals (code F).

Key Details

• Transaction dates and prices:
  • 2026-02-25: Acquired 4,659 shares (award); 2,516 shares disposed at $163.40 each ($411,114) to cover taxes.
  • 2026-02-25: Acquired 2,041 shares (award).
  • 2026-02-26: 373 shares disposed at $157.62 each ($58,792) to cover taxes.
• Proceeds from disposals: ≈ $469,906 total.
• Shares owned after the transactions: Not specified in the Form 4 filing.
• Footnotes:
  • F1: 4,659 shares represent common stock received in settlement of performance stock units (PSUs) originally granted Feb 22, 2023.
  • F2: 2,041 shares are time‑based restricted stock units (RSUs) that vest ratably over three years and settle one‑for‑one in shares.
• Timeliness: Report filed 2026-02-27 for transactions dated 2026-02-25/26 (appears timely).

Context

• These transactions appear to be routine equity award settlement and tax withholding (code F), not open‑market purchases or speculative trades. Withheld/surrendered shares to cover tax liabilities are common after awards vest or PSUs settle and do not necessarily indicate a personal view on the stock.