John M. Gellert - Mar 11, 2022 Form 4 Insider Report for SEACOR Marine Holdings Inc. (SMHI)

Role: President and CEO, Director
Signature: /s/ Andrew H. Everett II, Attorney-in-Fact
Stock symbol: SMHI
Transactions as of: Mar 11, 2022
Transactions value $: -$81,062
Form type: 4
Date filed: 3/15/2022, 07:04 PM
Previous filing: Jan 28, 2022
Next filing: Mar 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMHI	Common Stock	Tax liability	-$81.1K	-13.8K	-2.92%	$5.88	459K	Mar 11, 2022	Direct
transaction	SMHI	Common Stock	Award	$0	+212K	+46.25%	$0.00	671K	Mar 11, 2022	Direct	F1
holding	SMHI	Common Stock						109K	Mar 11, 2022	JMG Assets, LLC	F2
holding	SMHI	Common Stock						95.2K	Mar 11, 2022	JMG GST LLC	F3
holding	SMHI	Common Stock						38.8K	Mar 11, 2022	Grantor Retained Annuity Trust	F4
holding	SMHI	Common Stock						26.6K	Mar 11, 2022	Michael E. Gellert 2011 Family Trust	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SMHI	Performance Restricted Stock Units	Award	$0	+58.9K		$0.00	58.9K	Mar 11, 2022	Common Stock	58.9K		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock award reported on this Form 4 will lapse in three equal annual installments beginning on March 4, 2023 and ending on March 4, 2025.
F2	The shares reported here are indirectly owned by the Reporting Person through JMG Assets, LLC. The Reporting Person is the Manager of JMG Assets, LLC.
F3	The shares reported here are indirectly owned by the Reporting Person through JMG GST LLC. The Reporting Person is the Manager of JMG GST LLC.
F4	Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest.
F5	Each Performance Restricted Stock Unit (each, a "PRSU") represents a contingent right to receive, at vesting, one share of Common Stock subject to the achievement of certain performance goals and service-based vesting requirements.
F6	These PRSUs consist of five equal tranches, each of which will 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 will 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 are $5.02, $5.72, $6.45, $7.19 and $7.88, respectively.