Gregory Scott Rossmiller, holding the position of Senior Vice President and Chief Accounting Officer at SEACOR Marine Holdings Inc., has completed the sale of company equity. The transactions, executed on June 15 and June 16, 2026, resulted in a total liquidation value of $139,140. The sales were conducted at weighted average prices ranging between $7.17 and $7.27 per share. This activity is part of a structured approach to equity management, as the sales were automatically executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Rossmiller on March 13, 2026.
On June 15, 2026, Mr. Rossmiller disposed of 9,670 shares of common stock. The weighted average price for this initial tranche was $7.27 per share. The execution of these shares occurred across multiple transactions, with prices ranging from $7.215 to $7.49. The following day, June 16, 2026, an additional 9,601 shares were sold. This second tranche was executed at a weighted average price of $7.17 per share, with transaction prices falling between $7.06 and $7.22. The combined volume of these two days totals 19,271 shares.
Following these dispositions, Mr. Rossmiller retains direct ownership of 275,470 shares of SEACOR Marine Holdings Inc. common stock. The execution of these sales coincides with a period of financial headwinds for the company. Revenue for SEACOR Marine has declined by 18% over the last twelve months, settling at $216.62 million. Analysis indicates that the stock may be trading at a premium relative to its Fair Value estimate. Furthermore, the company is experiencing rapid cash consumption as it navigates a challenging operating environment, with a current market capitalization of $194 million.
In parallel with the executive stock activity, SEACOR Marine Holdings Inc. has announced modifications to its existing credit agreement, originally dated November 27, 2024. The company and its subsidiary, Seacor Marine Foreign Holdings Inc., have arranged for the release of $13.7 million from a restricted escrow account. This account previously held proceeds from vessel sales that were utilized as collateral. The amendment also includes the cancellation of $24.6 million in undrawn commitments under Tranche B of the credit agreement. These funds were initially allocated for the construction of two platform supply vessels, each priced at $41.0 million.
Following the release of the restricted funds, the escrow account retains $41.0 million. This remaining balance will cover the construction payments for the new platform supply vessels. SEACOR Marine anticipates the delivery of these vessels in the fourth quarter of 2026 and the first quarter of 2027. The company's stock closed at $7.11 on the relevant trading day, reflecting a decrease of $0.10 or 1.39%. After-hours trading showed no change, remaining at $7.11.