Llorca Jesus 4
4 · SEACOR Marine Holdings Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
SEACOR Marine (SMHI) CFO Jesus Llorca Receives PRSUs, Sells Shares
What Happened
Jesus Llorca, EVP & CFO of SEACOR Marine Holdings (SMHI), had one tranche of performance restricted stock units (PRSUs) convert into 7,703 shares on 2026-03-07. To satisfy tax withholding, 3,933 of those shares were withheld (treated as a disposition) at an implied value of $7.31 per share, totaling $28,750. The conversion (derivative exercise/conversion) had no cash exercise price for the reporting person, so his net increase in shares from this event was 3,770 shares.
Key Details
- Transaction date: 2026-03-07; Form 4 filed: 2026-03-10 (filed within the required reporting window).
- Conversion: 7,703 shares issued on conversion of PRSUs (transaction code M).
- Tax withholding/disposition: 3,933 shares withheld at $7.31/share = $28,750 (transaction code F).
- Net shares issued to insider: 7,703 − 3,933 = 3,770 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: PRSUs convert one-for-one to common stock. The 2023 grant consisted of 38,515 PRSUs in five tranches; one tranche vested and was settled on 3/7/26, while the remaining PRSUs were forfeited.
Context
- These were performance-based RSUs (not option purchases); the conversion had no cash exercise price for the insider.
- The withholding of shares to cover taxes is a common administrative action and does not by itself indicate a market view.
- This filing documents executive compensation settlement (award conversion) rather than an open-market buy or sale by the insider.
Insider Transaction Report
Form 4
Llorca Jesus
EVP & CFO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-07+7,703→ 542,195 total - Tax Payment
Common Stock
2026-03-07$7.31/sh−3,933$28,750→ 538,262 total - Exercise/Conversion
Performance Restricted Stock Units
[F1][F2]2026-03-07−7,703→ 0 totalFrom: 2026-03-07Exp: 2026-03-07→ Common Stock (7,703 underlying)
Footnotes (2)
- [F1]Performance restricted stock units ("PRSUs") convert into shares of Common Stock on a one-for-one basis.
- [F2]On 3/7/23, the Reporting Person was granted 38,515 PRSUs ("2023 PRSUs") consisting of five equal tranches, each of which would be earned if and when the closing price of one share of Common Stock equals or exceeds the specified stock price performance goal for such tranche for 60 consecutive trading days during the three year performance period beginning on the grant date, provided that any earned PRSUs would not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement. The specified stock price performance goals for each tranche were $11.61, $13.21, $14.91, $16.62 and $18.22, respectively. The service-based vesting requirements and one of the specified stock price performance goals were satisfied during the performance period ending 3/7/26, and the shares of Common Stock were issued at such date with respect to one tranche of the 2023 PRSUs. The remaining 2023 PRSUs were forfeited.
Signature
/s/ Andrew H. Everett II, Attorney-in-Fact|2026-03-10