Landes Jonathan 4

What Happened

• Jonathan Landes, President, Subsea at TechnipFMC (FTI), had ordinary shares withheld to cover tax liabilities on vested restricted and performance stock units. Two dispositions were reported as tax-withholdings (code F) rather than open-market sales:
  • 3,334 shares withheld at $63.49 each on 2026-02-20, value $211,676.
  • 58,005 shares withheld at $64.25 each on 2026-02-23, value $3,726,821.
  • Combined value of withheld shares ≈ $3,938,497.
• These transactions represent tax withholding on vesting (cashless settlement), not a discretionary sale for investment purposes.

Key Details

• Transaction dates and prices:
  • 2026-02-20: 3,334 shares @ $63.49 (withheld for taxes) — $211,676.
  • 2026-02-23: 58,005 shares @ $64.25 (withheld for taxes) — $3,726,821.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: Shares withheld to pay taxes on RSUs granted Feb 20, 2024.
  • F2: Shares withheld to pay taxes on restricted and performance stock units granted Feb 21, 2023.
• Timeliness: Form filed 2026-02-24 for transactions on 2026-02-20 and 2026-02-23 — filing was within the standard reporting window (timely).

Context

• These were tax-withholding dispositions (code F), a routine corporate practice when equity awards vest; withheld shares reduce the recipient’s outstanding share receipt rather than indicating a market sale or trading intent.
• For retail investors, tax-withholdings generally do not signal a change in insider confidence.