Jesus Llorca, serving as Executive Vice President and Chief Financial Officer for SEACOR Marine Holdings Inc. (NASDAQ:SMHI), has completed the sale of 16,110 shares of the company's common equity. The divestment activity, which generated total proceeds of $129,346, was executed through an automated Rule 10b5-1 trading plan. These transactions took place on June 29 and June 30, 2026.
The sales were carried out at weighted average prices ranging between $8.02 and $8.03 per share. On June 29, Mr. Llorca disposed of 14,461 shares in multiple transactions, with prices varying from $8.00 to $8.16 per share. The following day, June 30, an additional 1,649 shares were sold at prices ranging from $8.00 to $8.09 per share. The timing of these sales coincides with the stock trading near its 52-week high of $8.17, a period that has also seen the stock record a 57% gain over the past year.
The automated nature of these sales is tied to a Rule 10b5-1 trading plan adopted by Mr. Llorca on March 12, 2026. Following these transactions, Mr. Llorca directly holds 495,757 shares of SEACOR Marine Holdings common stock. According to InvestingPro analysis, SMHI currently appears overvalued based on its Fair Value assessment, with additional insights available to subscribers.
In other recent news, SEACOR Marine Holdings Inc. has announced modifications to its existing credit agreement and completed sales of certain vessels. The company has agreed to release $13.7 million from a restricted escrow account, which held proceeds from these vessel sales. This amendment also cancels $24.6 million in undrawn commitments that were initially intended for the construction of two platform supply vessels. These vessels, each with a contract price of $41.0 million, are expected to be delivered in late 2026 and early 2027.
Additionally, Yoav Saffar, a shareholder holding approximately 3.5% of SEACOR Marine, has urged the company to consider selling its fleet. In a letter to the board, Saffar expressed that the company's assets, including platform supply vessels and fast support vessels, are undervalued by the market. This call for asset sales comes amid ongoing financial adjustments within the company. These developments reflect SEACOR Marine's strategic financial maneuvers and shareholder engagement.