Hornbeck director Glassman resigns from board
A board director resigned effective September 1, 2026, and will no longer file Section 16 Forms 4 and 5 for HLX equity transactions.
Rhea-AI Filing Summary
HELIX ENERGY SOLUTIONS GROUP INC (HLX), now referred to as Hornbeck Offshore Services, Inc. in this context, reports that director Diana Glassman notified the company of her resignation from its board on August 31, 2026, effective September 1, 2026.
After this effective date, she is no longer subject to Section 16 reporting for transactions in the company’s equity securities and will cease filing Forms 4 and 5 related to those securities.
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Key Figures
Resignation notice date: August 31, 2026
Resignation effective date: September 1, 2026
Section 16 status: No longer subject after September 1, 2026
3 metrics
Resignation notice date
August 31, 2026
Date on which Diana Glassman gave notice of resignation from the board
Resignation effective date
September 1, 2026
Effective date of Diana Glassman’s resignation from the board
Section 16 status
No longer subject after September 1, 2026
Section 16 reporting obligation for transactions in issuer equity securities ends after resignation
Key Terms
Section 16, Form 4, Form 5
3 terms
Section 16 regulatory
"no longer subject to Section 16 in connection with her transactions"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Form 4 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 5 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
FAQ
What board change does this Form 4 report for HLX?
It reports that Diana Glassman resigned from the board of the company described as Hornbeck Offshore Services, Inc. (formerly Helix Energy Solutions Group, Inc.), effective September 1, 2026, after giving notice on August 31, 2026.
When did director Diana Glassman resign from the HLX board?
Diana Glassman’s resignation from the board became effective on September 1, 2026, following notice she gave on August 31, 2026.
How does this resignation affect Section 16 reporting for HLX stock?
Because of the resignation effective September 1, 2026, Diana Glassman is no longer subject to Section 16 for transactions in the company’s equity securities and will stop reporting them on Form 4 or Form 5.
Why is Hornbeck Offshore Services, Inc. mentioned in relation to HLX?
The document identifies the issuer as Hornbeck Offshore Services, Inc., described as formerly named Helix Energy Solutions Group, Inc., and clarifies that the resignation and Section 16 status relate to this issuer’s equity securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
