Landes Jonathan 4
4 · TechnipFMC plc · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
Form 4
Landes Jonathan
President, Subsea
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-09$25.24/sh+7,317$184,681→ 176,677 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-09$21.10/sh+10,873$229,420→ 187,550 total - Sale
Ordinary Shares
[F1][F2]2026-03-09$61.26/sh−31,568$1,933,856→ 155,982 total - Sale
Ordinary Shares
[F1][F3]2026-03-09$62.13/sh−48,559$3,016,971→ 107,423 total - Sale
Ordinary Shares
[F1][F4]2026-03-09$63.13/sh−36,067$2,276,910→ 71,356 total - Gift
Ordinary Shares
2026-03-09−20,768→ 50,588 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F5]2026-03-09−7,317→ 0 totalExercise: $25.24From: 2021-02-26Exp: 2028-06-14→ Ordinary Shares (7,317 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F5]2026-03-09−10,873→ 0 totalExercise: $21.10From: 2020-02-28Exp: 2027-06-26→ Ordinary Shares (10,873 underlying)
Footnotes (5)
- [F1]The transactions reported in this Form 4 (all sales and the exercise of stock options) were effected pursuant to a Rule 10b1-5 trading plan adopted by the Reporting Person on December 3, 2025.
- [F2]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.67 to $61.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.68 to $62.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]This price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.68 to $63.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]Reflects the automatic adjustment of the exercise price and number of shares subject to the employee stock option pursuant to anti-dilution provisions contained in the applicable award, which provisions were triggered as a result of the completion of the Issuer's pro-rata distribution of a portion of the outstanding shares of Technip Energies N.V. to the Issuer's shareholders (the "Spin-off") on February 16, 2021.
Signature
/s/ Lisa P. Wang, Attorney-In-Fact|2026-03-11