Hornbeck Offshore grants CEO 675K stock options

CEO Todd Hornbeck received significant option and stock unit awards, including performance-based RSUs tied to synergy and stock price targets.

Rhea-AI Filing Summary

HORNBECK OFFSHORE SERVICES, INC. (HLX) reported that President and Chief Executive Officer Todd M. Hornbeck received several equity awards on September 2, 2026. He was granted stock options for 675,000 shares of Common Stock at an exercise price of $10.60 per share, exercisable beginning September 1, 2029 and expiring September 2, 2036. He also received 225,000 restricted stock units that vest on September 1, 2029, plus two performance-based RSU grants tied to synergy and stock-price targets, covering up to 1,500,000 underlying shares of Common Stock in total. Following these grants, he directly holds 5,669,648.112 shares of Common Stock.

Insider Trade Summary

Grant/Award: 1,900,000 shares

Grant/Award 4 txns

Insider HORNBECK TODD M

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	675,000	$0.00	$0.00
Grant/Award	Performance Restricted Stock Units F2	500,000	$0.00	$0.00
Grant/Award	Performance Restricted Stock Units F3	500,000	$0.00	$0.00
Grant/Award	Common Stock F1	225,000	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 675,000 contracts (Direct); Performance Restricted Stock Units — 1,000,000 contracts (Direct); Common Stock — 5,669,648.112 shares (Direct)

Footnotes (3)

1. F1. Represents a grant of 225,000 restricted stock units ("RSUs"), each of which represents a contingent right to receive, upon vesting, one share of common stock, par value $0.00001 per share, of the Issuer ("Common Stock"). The RSUs vest on September 1, 2029.
2. F2. Represents a grant of performance-based RSUs ("PRSUs") with the right to receive one share of Common Stock, upon vesting on December 31, 2029, based on the achievement of specified target annualized gross synergies.
3. F3. Represents a grant of PRSUs with the right to receive up to two shares of Common Stock, upon vesting on June 30, 2028, October 31, 2028, March 31, 2029, June 30, 2029, September 30, 2029, and December 31, 2029, based on the achievement of specified target stock prices.

Key Figures

Stock options granted: 675,000 shares Option exercise price: $10.60 per share Option expiration date: September 2, 2036 +4 more

7 metrics

Stock options granted 675,000 shares Stock Option (right to buy) grant on September 2, 2026

Option exercise price $10.60 per share Exercise price for 675,000 stock options

Option expiration date September 2, 2036 Expiration for 675,000 stock options

Time-based RSUs granted 225,000 units RSUs vesting on September 1, 2029

Performance RSUs (synergy-based) 500,000 units PRSUs vesting December 31, 2029 based on target annualized gross synergies

Performance RSUs (stock-price-based underlying) 1,000,000 shares Maximum underlying shares for PRSUs tied to stock price targets

Common shares held after grant 5,669,648.112 shares Direct Common Stock holdings after RSU grant

Key Terms

Restricted Stock Units, Performance Restricted Stock Units, annualized gross synergies, target stock prices, +1 more

5 terms

Restricted Stock Units financial

"Represents a grant of 225,000 restricted stock units ("RSUs"), each of which"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Restricted Stock Units financial

"Represents a grant of performance-based RSUs ("PRSUs") with the right"

Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.

annualized gross synergies financial

"based on the achievement of specified target annualized gross synergies."

target stock prices financial

"based on the achievement of specified target stock prices."

exercise price financial

"conversion_or_exercise_price": "10.6000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

What equity awards did HLX grant to CEO Todd Hornbeck on September 2, 2026?

He received 675,000 stock options at an exercise price of $10.60 per share, 225,000 time-based RSUs vesting September 1, 2029, and two PRSU grants that together cover up to 1,500,000 underlying shares of Common Stock based on performance conditions.

What are the terms of Todd Hornbeck’s new stock options reported by HLX?

The grant consists of options on 675,000 shares of Common Stock with an exercise price of $10.60 per share, exercisable beginning on September 1, 2029 and expiring on September 2, 2036, held directly by Todd Hornbeck.

How many restricted stock units did HLX grant to Todd Hornbeck and when do they vest?

He received 225,000 RSUs, each representing one share of Common Stock upon vesting. These RSUs vest on September 1, 2029, subject to the terms described, and are in addition to the performance-based RSU grants disclosed.

What performance conditions apply to the HLX performance-based RSUs granted to Todd Hornbeck?

One PRSU grant vests on December 31, 2029 based on achieving specified target annualized gross synergies. Another PRSU grant can deliver up to two shares per unit based on specified target stock prices on several dates from June 30, 2028 through December 31, 2029.

How many HLX common shares does Todd Hornbeck hold after these transactions?

After the reported grants, Todd Hornbeck directly holds 5,669,648.112 shares of HLX Common Stock. This figure is stated as the total direct holdings following the grant of 225,000 restricted stock units on September 2, 2026.

Were the HLX equity grants to Todd Hornbeck made under a Rule 10b5-1 trading plan?

The filing indicates that the Rule 10b5-1 checkbox is not affirmed for these transactions, and no footnote states that they were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.

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Available on EDGAR 09/04/2026 - 04:31 PM Accepted by SEC EDGAR 09/04/2026 - 04:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HORNBECK TODD M

(Last) (First) (Middle)

103 NORTHPARK BOULEVARD, SUITE 300

(Street)

COVINGTON LOUISIANA 70433

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HORNBECK OFFSHORE SERVICES, INC. [ HOS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2026		A		225,000(1)	A	$0	5,669,648.112	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$10.6	09/02/2026		A		675,000		09/01/2029	09/02/2036	Common Stock	675,000	$0	675,000	D
Performance Restricted Stock Units	(2)	09/02/2026		A		500,000		(2)	(2)	Common Stock	500,000	$0	500,000	D
Performance Restricted Stock Units	(3)	09/02/2026		A		500,000		(3)	(3)	Common Stock	1,000,000	$0	500,000	D

Explanation of Responses:

1. Represents a grant of 225,000 restricted stock units ("RSUs"), each of which represents a contingent right to receive, upon vesting, one share of common stock, par value $0.00001 per share, of the Issuer ("Common Stock"). The RSUs vest on September 1, 2029.

2. Represents a grant of performance-based RSUs ("PRSUs") with the right to receive one share of Common Stock, upon vesting on December 31, 2029, based on the achievement of specified target annualized gross synergies.

3. Represents a grant of PRSUs with the right to receive up to two shares of Common Stock, upon vesting on June 30, 2028, October 31, 2028, March 31, 2029, June 30, 2029, September 30, 2029, and December 31, 2029, based on the achievement of specified target stock prices.

Remarks:

President and Chief Executive Officer

	/s/ Beth A. LaBrosse, as Attorney-in-Fact for Todd M. Hornbeck	09/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)