Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2024-01-03 00:00:00 ET · period of report 2024-01-01 · accession 0001209191-24-000495 · 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 | Sparks Scott Andrew | EVP, COO | M - OptEx | — | +39.7K | 203.6K | +24% | — |
| D | 2024-01-03 | 2024-01-01 | HOS | Sparks Scott Andrew | EVP, COO | D - Sale to Iss | $10.28 | -39.7K | 163.9K | -19% | -$407.9K |
| D | 2024-01-03 | 2024-01-01 | HOS | Sparks Scott Andrew | EVP, COO | M - OptEx | $0.00 | -39.7K | 0 | -100% | $0 |
| DM | 2024-01-03 | 2024-01-01 | HOS | Sparks Scott Andrew | EVP, COO | A - Grant | $0.00 | +200.6K | 133.8K | New | $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 | 39,683 | — | 203,631 | 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. |
| 2 | Common | Common Stock | 2024-01-01 | D | D | 39,683 | $10.28 | 163,948 | D | — | — | (F2) The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2021 RSUs for which forfeiture restrictions lapsed. |
| 3 | Derivative | Restricted Stock Units | 2024-01-01 | M | D | 39,683 | $0.00 | 0 | D | — · — to — | 39,683 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. (F3) Upon lapse of the forfeiture restrictions of the 2021 RSUs. |
| 4 | Derivative | Restricted Stock Units | 2024-01-01 | A | A | 66,877 | $0.00 | 66,877 | D | — · — to — | 66,877 Common Stock | (F4) 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 has the option to pay the value in cash at its discretion. (F5) Upon lapse of the forfeiture restrictions of the 2024 RSUs. |
| 5 | Derivative | Performance Share Units | 2024-01-01 | A | A | 133,754 | $0.00 | 133,754 | D | — · — to — | 133,754 Common Stock | (F7) Amount reported represents 200% of the number of 2024 PSUs granted and is the maximum number that may be earned. (F6) 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. (F8) Upon payment of the 2024 PSUs, which shall occur no later than March 15, 2027. |