other
confidence high
sentiment neutral
materiality 0.15
TechnipFMC shareholders approve new value creation plan with up to 3.6M PSUs
TechnipFMC plc
- Proposal 5 (directors' remuneration policy) passed with 84.27% support; includes a one-time VCP.
- VCP grants up to 3.6M performance-based PSUs tied to ROIC and stock price thresholds ($35-$60).
- PSUs vest over four overlapping fiscal quarters from Jan 2025 through Dec 2028; shares subject to 1-year post-vesting hold.
- All 9 director nominees elected with >97% 'for' votes; Say-on-Pay passed at 98.27%.
- Authority to allot equity securities without pre-emptive rights approved at 98.24%.