Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2025-01-15 00:00:00 ET · period of report 2025-01-13 · accession 0001415889-25-001473 · 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 | 2025-01-15 | 2025-01-13 | HOS | KRATZ OWEN E | Pres, CEO, Dir | D - Sale to Iss | $9.32 | -193.0K | 7.47M | -3% | -$1.80M |
| D | 2025-01-15 | 2025-01-13 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | — | +490.4K | 7.66M | +7% | — |
| D | 2025-01-15 | 2025-01-13 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | $0.00 | -576.9K | 576.9K | -50% | $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 | 2025-01-13 | D | D | 192,967 | $9.32 | 7,469,278 | D | — | — | (F3) These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2022 PSUs. (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 | 2025-01-13 | M | A | 490,385 | — | 7,662,245 | D | — | — | (F1) Each Performance Share Unit ("2022 PSU") was previously granted on January 4, 2022 and represented the contingent right to receive one share of Company common stock. Actual number of shares upon vesting could have ranged from 0% to 200% dependent on the Company's performance over the three-year period beginning January 1, 2022 and ended December 31, 2024. Amount earned and vested with respect to the TSR portion of the 2022 PSUs (which comprised one half of the total 2022 PSUs granted) was 200%. The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of a portion of the 2022 PSUs which vested. (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 | Performance Share Units | 2025-01-13 | M | D | 576,923 | $0.00 | 576,923 | D | — · — to — | 576,923 Common Stock | (F1) Each Performance Share Unit ("2022 PSU") was previously granted on January 4, 2022 and represented the contingent right to receive one share of Company common stock. Actual number of shares upon vesting could have ranged from 0% to 200% dependent on the Company's performance over the three-year period beginning January 1, 2022 and ended December 31, 2024. Amount earned and vested with respect to the TSR portion of the 2022 PSUs (which comprised one half of the total 2022 PSUs granted) was 200%. The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of a portion of the 2022 PSUs which vested. (F4) Amount reported represents 200% of the remaining 2022 PSUs granted and is the maximum number that may be earned. |