|4Feb 24, 4:21 PM ET

dos Santos Iannone Valeria Augusta 4

Research Summary

AI-generated summary

Updated

TechnipFMC EVP Valeria dos Santos Iannone Sells 3,360 Shares

What Happened

  • Valeria dos Santos Iannone, EVP, People & Culture at TechnipFMC (FTI), had a total of 3,360 ordinary shares withheld/ disposed to satisfy tax withholding on vested awards. The withholdings occurred in two transactions: 400 shares on 2026-02-20 at $63.49 ($25,396) and 2,960 shares on 2026-02-23 at $64.25 ($190,180), totaling $215,576. These were tax-withholding disposals (code F), not open-market sales motivated by a trading decision.

Key Details

  • Transaction dates and prices:
    • 2026-02-20: 400 shares @ $63.49 = $25,396 (withheld for taxes)
    • 2026-02-23: 2,960 shares @ $64.25 = $190,180 (withheld for taxes)
  • Total shares disposed: 3,360; total proceeds: $215,576.
  • Transaction type/code: F — shares withheld to satisfy tax obligations on vesting awards (not a purchase or voluntary market sale).
  • Footnotes:
    • F1: Withheld for taxes on RSUs granted Feb 20, 2024.
    • F2: Withheld for taxes on restricted and performance stock units granted Feb 21, 2023.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Filing date: Form 4 filed 2026-02-24 for transactions through 2026-02-23 (appears timely based on report dates).

Context

  • These transactions are routine "sell-to-cover" tax withholdings when restricted or performance stock units vest. They typically reflect tax settlement rather than a discretionary insider sale and do not necessarily signal a change in the insider’s view of the company.