Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2025-01-03 00:00:00 ET · period of report 2025-01-01 · accession 0001415889-25-000533 · 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 | 2025-01-03 | 2025-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | D - Sale to Iss | $9.32 | -58.4K | 7.17M | -0.8% | -$544.0K |
| D | 2025-01-03 | 2025-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | — | +58.4K | 7.23M | +0.8% | — |
| D | 2025-01-03 | 2025-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | $0.00 | -58.4K | 116.7K | -33% | $0 |
| DM | 2025-01-03 | 2025-01-01 | HOS | KRATZ OWEN E | Pres, CEO, Dir | A - Grant | $0.00 | +579.4K | 386.3K | 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 | 2025-01-01 | D | D | 58,365 | $9.32 | 7,171,860 | D | — | — | (F3) The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2024 RSUs for which forfeiture restrictions lapsed. (F2) Mr. Kratz 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 | 2025-01-01 | M | A | 58,365 | — | 7,230,225 | D | — | — | (F1) Each Restricted Stock Unit ("2024 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 2024 RSUs on January 1, 2025, forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 1, 2026 and forfeiture restrictions with respect to the last one-third of the grant will lapse on January 1, 2027. (F2) Mr. Kratz 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 | 2025-01-01 | M | D | 58,365 | $0.00 | 116,732 | D | — · — to — | 58,365 Common Stock | (F1) Each Restricted Stock Unit ("2024 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 2024 RSUs on January 1, 2025, forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 1, 2026 and forfeiture restrictions with respect to the last one-third of the grant will lapse on January 1, 2027. (F4) Upon lapse of the forfeiture restrictions of the 2024 RSUs. |
| 4 | Derivative | Restricted Stock Units | 2025-01-01 | A | A | 193,133 | $0.00 | 193,133 | D | — · — to — | 193,133 Common Stock | (F5) This Restricted Stock Unit ("2025 RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2024, the "LTIP") and each 2025 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the 2025 RSUs granted on the basis of one-third of the grant on January 1, 2026, an additional one-third of the grant on January 1, 2027 and the remaining one-third of the grant on January 1, 2028. Upon each 2025 RSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion. (F6) Upon lapse of the forfeiture restrictions of the 2025 RSUs. |
| 5 | Derivative | Performance Share Units | 2025-01-01 | A | A | 386,266 | $0.00 | 386,266 | D | — · — to — | 386,266 Common Stock | (F8) Amount reported represents 200% of the number of 2025 PSUs granted and is the maximum number that may be earned. (F7) This Performance Share Unit ("2025 PSU") award was granted pursuant to the LTIP and each 2025 PSU represents the contingent right to receive one share of Company common stock. Actual number of 2025 PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over the three-year period from January 1, 2025 through December 31, 2027. Upon 2025 PSU vesting, the Compensation Committee has the option to pay the value in cash at its discretion. (F9) Upon payment of the 2025 PSUs, which shall occur no later than March 15, 2028. |