TechnipFMC (FTI) President Subsea Jonathan Landes Exercises Options, Sells Shares

What Happened Jonathan Landes, President, Subsea at TechnipFMC (FTI), exercised stock options and sold a large block of shares on March 9, 2026. He exercised 7,317 options at $25.24 (cost $184,681) and 10,873 options at $21.10 (cost $229,420), acquiring 18,190 shares total. On the same date he sold 31,568 shares (weighted avg $61.26, proceeds $1,933,856), 48,559 shares (weighted avg $62.13, proceeds $3,016,971) and 36,067 shares (weighted avg $63.13, proceeds $2,276,910). He also made a gift of 20,768 shares. Total reported sale proceeds were about $7.23 million. The filing indicates these transactions were executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely under Form 4 rules).
• Option exercises: 7,317 shares @ $25.24 = $184,681; 10,873 shares @ $21.10 = $229,420 (total acquired = 18,190; total exercise cost ≈ $414,101).
• Open-market sales: 31,568 shares @ $61.26 (weighted avg; range $60.67–$61.67) = $1,933,856; 48,559 shares @ $62.13 (weighted avg; range $61.68–$62.68) = $3,016,971; 36,067 shares @ $63.13 (weighted avg; range $62.68–$63.46) = $2,276,910.
• Gift: 20,768 shares reported as a gift (disposed, $0 proceeds).
• Total cash proceeds from sales reported ≈ $7.23 million.
• Shares owned after transaction: not specified in the provided excerpt (see the filed Form 4 for total holdings).
• Notable footnotes: transactions were made pursuant to a Rule 10b5-1 plan (F1); sale prices are weighted averages with per-range details provided in the filing (F2–F4); option terms were previously adjusted for an anti-dilution provision related to the 2021 spin-off (F5).
• Filing timeliness: filed within the standard Form 4 two-business-day window (not indicated as late).

Context

• The insider both exercised options (derivative code M) and sold shares on the same date, which is commonly a cashless or immediate-sale pattern to cover exercise costs and taxes; the filing shows exercises and contemporaneous sales.
• The gift (G) is a non-market transfer and does not necessarily reflect trading sentiment.
• These transactions were carried out under a pre-set 10b5-1 plan, which typically schedules trades in advance and limits in-the-moment discretion.