Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2024-01-03 00:00:00 ET · period of report 2024-01-01 · accession 0001209191-24-000491 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-03 | 2024-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | — | +43.7K | 7.61M | +0.6% | — |
| D | 2024-01-03 | 2024-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | F - Tax | $10.28 | -18.0K | 7.59M | -0.2% | -$185.2K |
| DM | 2024-01-03 | 2024-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | A - Grant | $0.00 | +525.3K | 350.2K | New | $0 |
| D | 2024-01-03 | 2024-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | $0.00 | -43.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-01 | M | A | 43,651 | — | 7,610,482 | D | — | — | (F1) Each Restricted Stock Unit ("2021 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2021 RSUs on January 1, 2022, forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 1, 2023 and forfeiture restrictions with respect to the remaining one-third of the grant lapsed on January 1, 2024. (F2) The Reporting Person disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 2 | Common | Common Stock | 2024-01-01 | F | D | 18,019 | $10.28 | 7,592,463 | D | — | — | (F3) These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2021 RSUs. (F2) The Reporting Person disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 3 | Derivative | Restricted Stock Units | 2024-01-01 | A | A | 175,097 | $0.00 | 175,097 | D | — · — to — | 175,097 Common Stock | (F5) This Restricted Stock Unit ("2024 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2019, the "LTIP") and each 2024 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the 2024 RSUs granted on the basis of one-third of the grant on January 1, 2025, an additional one-third of the grant on January 1, 2026 and the remaining one-third of the grant on January 1, 2027. Upon each 2024 RSU vesting, the Compensation Committee of the Company's Board of Directors (the "Compensation Committee") has the option to pay the value in cash at its discretion. (F6) Upon lapse of the forfeiture restrictions of the 2024 RSUs. |
| 4 | Derivative | Performance Share Units | 2024-01-01 | A | A | 350,194 | $0.00 | 350,194 | D | — · — to — | 350,194 Common Stock | (F8) Amount reported represents 200% of the number of 2024 PSUs granted and is the maximum number that may be earned. (F7) This Performance Share Unit ("2024 PSU") award was granted pursuant to the LTIP and each 2024 PSU represents the contingent right to receive one share of Company common stock. Actual number of 2024 PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over the three-year period from January 1, 2024 through December 31, 2026. Upon 2024 PSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion. (F9) Upon payment of the 2024 PSUs, which shall occur no later than March 15, 2027. |
| 5 | Derivative | Restricted Stock Units | 2024-01-01 | M | D | 43,651 | $0.00 | 0 | D | — · — to — | 43,651 Common Stock | (F1) Each Restricted Stock Unit ("2021 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2021 RSUs on January 1, 2022, forfeiture restrictions with respect to an additional one-third of the grant lapsed on January 1, 2023 and forfeiture restrictions with respect to the remaining one-third of the grant lapsed on January 1, 2024. (F4) Upon lapse of the forfeiture restrictions of the 2021 RSUs. |