Hornbeck Announces New Employee Inducement Grant Under NYSE Rule 303A.08

Hornbeck ties up to 1.5 million new inducement shares to merger synergies and future share price performance through 2029.

Rhea-AI Summary

Hornbeck Offshore Services (HOS) granted CEO Todd M. Hornbeck a performance-based equity award covering up to 1,500,000 common shares under its 2026 Omnibus Inducement Incentive Plan, in connection with the merger with Helix Energy Solutions Group.

The award, approved by the board and described as a material inducement to Mr. Hornbeck’s employment with the combined company, will vest in two tranches by year-end 2029. 500,000 shares vest upon achievement of target annualized gross synergies, while up to 1,000,000 shares vest upon achievement of specified share price targets, subject to plan terms and continued service.

Positive

• Performance-based equity award of up to 1,500,000 shares aligns leadership incentives with measurable outcomes
• Synergy tranche of 500,000 shares directly linked to target annualized gross synergies through 2029
• Up to 1,000,000 shares vest only if specified share price targets are achieved by year-end 2029

Negative

• Inducement award covering up to 1,500,000 new shares may create dilution for existing shareholders if fully vested
• Full vesting depends on achieving synergy and share price targets by year-end 2029, introducing long-term performance risk

Argus Sep 8 session

-1.30% close to close Open Argus

Details

News Market Reaction – HOS

On Sep 8, the first trading day after this news, HOS closed 1.30% below the previous close.

Data tracked by StockTitan Argus for the Sep 8 session.

Key Figures

Shares covered by award: up to 1,500,000 shares Synergy vesting tranche: 500,000 shares Share-price vesting tranche: up to 1,000,000 shares +1 more

Shares covered by award

up to 1,500,000 shares

Performance-based equity award

Synergy vesting tranche

500,000 shares

Vests based on target annualized gross synergies

Share-price vesting tranche

up to 1,000,000 shares

Vests based on certain share price targets

Vesting deadline

year-end 2029

Tranches subject to achievement by year-end

Key Terms

inducement grant, gross synergies

2 terms

inducement grant regulatory

"the "Inducement Grant""

An inducement grant is a stock-based reward given to a new hire—often options or restricted shares—used as a recruiting “signing bonus” to encourage someone to join a company and stay long enough to add value. Investors care because these grants can dilute existing shareholdings, change executive incentives and increase reported compensation costs, so they signal both management priorities and potential impacts on shareholder value.

gross synergies financial

"achievement of target annualized gross synergies"

Gross synergies are the total, pre-tax cost savings and revenue gains a company projects will result from combining two businesses, measured before deducting one-time integration costs, taxes, or lost value. Think of it as the headline benefit number from joining two teams — the combined upside before you pay for moving offices or severance. Investors use it to gauge a deal’s potential impact on future profits and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HOUSTON and COVINGTON, La., Sept. 4, 2026 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (the "Company") (NYSE: HOS), a premier integrated offshore services company, today announced that in connection with the merger between the Company and Helix Energy Solutions Group, Inc., the Company granted Todd M. Hornbeck a performance-based equity award covering up to 1,500,000 shares of common stock under the Hornbeck Offshore Services, Inc. 2026 Omnibus Inducement Incentive Plan (the "Inducement Grant"). The Inducement Grant was made as a material inducement to Mr. Hornbeck's acceptance of employment with the combined company and was approved by the Company's Board of Directors.

The award will vest in two tranches: 500,000 shares vest based on achievement of target annualized gross synergies, and up to 1,000,000 shares vest based on achievement of certain share price targets, in each case by year-end 2029. The award will be subject to the terms and conditions of the plan and award agreement and Mr. Hornbeck's continued service.

About Hornbeck Offshore Services 

Hornbeck Offshore Services, Inc. is a global offshore services leader, providing innovative and integrated marine and subsea solutions to customers across the deepwater oilfield, defense and renewables industries.

Contacts:
ir@hornbeckoffshore.com

Potter Adams
Executive Vice President and CFO
985-727-6815

Brent Arriaga
Vice President of Finance and Investor Relations
281-618-0460

View original content:https://www.prnewswire.com/news-releases/hornbeck-announces-new-employee-inducement-grant-under-nyse-rule-303a08-302870413.html

SOURCE Hornbeck Offshore Services, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity inducement grant did Hornbeck Offshore Services (HOS) announce for Todd M. Hornbeck?

Hornbeck Offshore Services announced a performance-based equity inducement award for Todd M. Hornbeck covering up to 1,500,000 shares of common stock under the 2026 Omnibus Inducement Incentive Plan, approved by the board as a material inducement to his employment with the combined company.

How will the new Hornbeck (HOS) inducement award for Todd M. Hornbeck vest?

The award will vest in two tranches by year-end 2029: 500,000 shares vest based on achievement of target annualized gross synergies, and up to 1,000,000 shares vest based on achievement of specified share price targets, subject to plan terms and continued service.

Why did Hornbeck Offshore Services (HOS) grant this inducement award to Todd M. Hornbeck?

The company states that the performance-based equity award was made as a material inducement to Todd M. Hornbeck’s acceptance of employment with the combined Hornbeck and Helix Energy Solutions Group entity, aligning his incentives with synergy and share price performance goals.

What performance conditions apply to the 500,000-share tranche in the Hornbeck (HOS) inducement grant?

The first tranche of 500,000 shares will vest based on achievement of target annualized gross synergies by year-end 2029, subject to the terms and conditions of the 2026 Omnibus Inducement Incentive Plan, the award agreement, and Todd M. Hornbeck’s continued service.

What share price targets impact vesting of the 1,000,000-share portion of the Hornbeck (HOS) award?

Up to 1,000,000 shares in the inducement award will vest based on achievement of certain share price targets by year-end 2029. The specific price levels are not detailed, and vesting remains subject to the plan, award agreement, and continued service.

How is the Hornbeck (HOS) inducement award connected to its merger with Helix Energy Solutions Group?

The inducement grant was issued in connection with the merger between Hornbeck Offshore Services and Helix Energy Solutions Group. The company indicates it serves as a material inducement to Todd M. Hornbeck’s employment with the combined company and ties vesting to post-merger performance metrics.