Oevrum Margareth 4
Research Summary
AI-generated summary
TechnipFMC Director Oevrum Margareth Receives RSU Award
What Happened
- Oevrum Margareth, a director of TechnipFMC plc (FTI), was granted 3,259 restricted stock units (an award) on 2026-02-16. The Form 4 records a $0.00 per-share acquisition price because this was a grant of RSUs rather than a market purchase. The RSUs are a contingent right to receive one ordinary share per unit upon vesting.
Key Details
- Transaction date: 2026-02-16; Form 4 filed: 2026-02-17 (filed the day after the grant).
- Transaction type/code: Award/Grant (A); reported acquisition amount: 3,259 RSUs at $0.00.
- Vesting: Footnote F1 states the RSUs will vest on February 16, 2027.
- Shares owned after transaction: Not disclosed in the filing.
- Other notes: No 10b5-1 plan, tax-withholding, or late-filing flag shown in the filing.
Context
- RSUs are not immediate share ownership; they convert to ordinary shares only if vesting conditions are met (here, vesting date is 2027-02-16). Because this is a grant (not an open-market purchase or sale), it’s a compensation award and should not be read as an explicit buy/sell signal. The economic value to the insider will depend on TechnipFMC’s share price at vesting.
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