Rizzolo Luiz Augusto 4
4 · JBT MAREL Corp · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
JBT MAREL (JBTM) EVP Luiz Rizzolo Receives Awards; Shares Sold for Taxes
What Happened Luiz Augusto Rizzolo, EVP & President, Regions & International of JBT MAREL (JBTM), received 6,021 shares of common stock as the settlement of equity awards and had 2,336 shares disposed (surrendered/sold) to cover tax withholding. The withheld sales generated total proceeds of $380,194 (2,075 shares at $163.40 = $339,055; 261 shares at $157.62 = $41,139). The awards were reported as acquisitions (code A) and the disposals were reported under code F (payment of exercise price or tax liability).
Key Details
- Transaction dates: awards settled 2026-02-25; tax-withholding disposals on 2026-02-25 and 2026-02-26. Filing date: 2026-02-27 (timely).
- Awarded (acquired): 4,235 shares and 1,786 shares (total 6,021) at $0.00 (award settlement).
- Disposed for tax withholding: 2,075 shares @ $163.40 and 261 shares @ $157.62 (total 2,336 shares; proceeds $380,194).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 — these shares include common stock received in settlement of PSUs originally granted on Feb 22, 2023. F2 — reported securities include time‑based RSUs that vest ratably over three years, subject to continued service.
- Codes: A = award/grant; F = shares surrendered/sold to satisfy tax withholding (not an open‑market buy/sell decision).
Context This appears to be a routine equity award settlement with shares withheld/sold to cover tax liabilities (a common practice when PSUs/RSUs vest). These disposals under code F typically reflect tax withholding rather than an intentional market sale by the insider; they do not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-25+4,235→ 9,733 total - Tax Payment
Common Stock
2026-02-25$163.40/sh−2,075$339,055→ 7,658 total - Award
Common Stock
[F2]2026-02-25+1,786→ 9,444 total - Tax Payment
Common Stock
2026-02-26$157.62/sh−261$41,139→ 9,183 total
Footnotes (2)
- [F1]The reported securities represent shares of Common Stock received in settlement of PSUs originally granted on February 22, 2023.
- [F2]The reported securities represent time-based RSUs that will settle in one-for-one in shares of Common Stock and vest ratably over a three-year period, subject to the Reporting Person's continued service through each such date.