Siddons Mary Beth 4
Research Summary
AI-generated summary
JBT MAREL (JBTM) EVP Mary Beth Siddons Receives Award; 168 Shares Sold
What Happened
- Mary Beth Siddons, EVP and President DF&H at JBT MAREL (ticker JBTM), received 494 shares of common stock as the settlement of performance stock units (PSUs) and had 168 shares disposed to cover a tax liability. The 494 shares were reported as acquired at $0.00 (award). The 168 shares were reported disposed at $163.40 per share, totaling $27,451.
Key Details
- Transaction date: February 25, 2026 (reported on Form 4 filed Feb 27, 2026) — filing appears timely.
- Award: 494 shares received (code A) at $0.00 acquisition price — settlement of PSUs granted Feb 22, 2023 (footnote).
- Tax withholding/payment: 168 shares surrendered/disposed (code F) at $163.40/share = $27,451 to cover tax liability or exercise price.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: the shares came from settlement of PSUs originally granted on 2023-02-22.
Context
- This is an award settlement and a routine tax-withholding disposition, not an open-market sale for investment reasons. Such withholdings are common when equity compensation vests and do not necessarily indicate the insider's market view.