SVP of McDermott International just picked up 15,675 shares

Scott Munro, SVP of McDermott International, recently acquired 15,675 shares of the company. The buys took place at prices ranging from $0.00 to $8.61 per share, on February 26, 2019. Munro now owns 46,444 shares of the company. Munro operates out of Houston, TX. Some additional info was provided as follows:

Each restricted stock unit represents a contingent right to receive the value of one share of MDR common stock, with such restricted stock units to be paid, in the sole discretion of the Compensation Committee: (i) in shares of MDR common stock, (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof. The restricted stock units vest in three equal annual installments beginning on February 26, 2017. The restricted stock units were originally granted to the reporting person as performance units on February 26, 2016. On March 1, 2018, the Compensation Committee approved an amendment to the February 26, 2016 form of Performance Unit Award Agreement to provide that 100% of the initial performance units granted would be converted into time-vested restricted stock units vesting on the third anniversary of the original grant date, effective upon the closing of the Company's combination with Chicago Bridge & Iron Company, N.V., which occured May 10, 2018. Each restricted stock unit represents a contingent right to receive the value of one share of MDR common stock, with such restricted stock units to be paid, in the sole discretion of the Compensation Committee: (i) in shares of MDR stock (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof. The restricted stock units will vest 100% on the third anniversary of the original grant date.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever McDermott International makes a similar move, sign up!

Other recent filings from the company include the following:

Purnendu Chatterjee just provided an update on share ownership of McDermott International - June 14, 2019
McDermott International's EVP and CFO just picked up 2,385 shares - June 10, 2019
SVP of McDermott International just picked up 1,670 shares - June 10, 2019
McDermott International's President and CEO just picked up 16,696 shares - June 10, 2019
EVP of McDermott International just picked up 3,817 shares - June 10, 2019

Auto Refresh

Feedback