Hornbeck EVP granted 120K options, 40K RSUs
Hornbeck Offshore’s chief accounting officer received stock options and RSUs vesting in 2029, increasing his direct common stock holdings to 180,793 shares.
Rhea-AI Filing Summary
HORNBECK OFFSHORE SERVICES, INC. (HLX) reported that Executive Vice President and Chief Accounting Officer Brian Michael Cook received equity-based compensation on September 2, 2026. He was granted 120,000 stock options to buy common stock at an exercise price of $10.60 per share, exercisable from September 1, 2029 until September 2, 2036.
On the same date, he was also granted 40,000 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock upon vesting on September 1, 2029. Following these grants, he directly holds 180,793 shares of common stock. No Rule 10b5-1 trading plan is reported for these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 160,000 shares
Grant/Award
2 txns
Insider
Cook Brian Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 120,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 120,000 contracts (Direct);
Common Stock — 180,793 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 40,000 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. The RSUs vest on September 1, 2029.
Key Figures
Stock options granted: 120,000 options
Option exercise price: $10.60 per share
Option vesting date: September 1, 2029
+4 more
7 metrics
Stock options granted
120,000 options
Grant of stock options on September 2, 2026
Option exercise price
$10.60 per share
Exercise price for 120,000 stock options granted September 2, 2026
Option vesting date
September 1, 2029
Date options become exercisable
Option expiration date
September 2, 2036
Expiration of 120,000 stock options
RSUs granted
40,000 RSUs
Restricted stock unit grant on September 2, 2026
RSU vesting date
September 1, 2029
Vesting date for 40,000 RSUs
Common shares held after transactions
180,793 shares
Direct HLX common stock holdings after September 2, 2026 grants
Key Terms
Stock Option (right to buy), restricted stock units ("RSUs"), contingent right to receive
3 terms
Stock Option (right to buy) financial
"The security title is listed as Stock Option (right to buy)"
restricted stock units ("RSUs") financial
"Represents a grant of 40,000 restricted stock units ("RSUs"), each of which"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right to receive financial
"each of which represents a contingent right to receive, upon vesting, one share"
FAQ
What equity awards did HLX grant to Brian Michael Cook on September 2, 2026?
On September 2, 2026, Brian Michael Cook received 120,000 stock options with a $10.60 exercise price and a grant of 40,000 restricted stock units (RSUs), each RSU representing a right to one share of Hornbeck Offshore common stock upon vesting.
When do Brian Michael Cook’s new HLX stock options vest and expire?
The 120,000 stock options granted to Brian Michael Cook vest and become exercisable on September 1, 2029 and expire on September 2, 2036, giving him a defined window to purchase Hornbeck Offshore common stock at $10.60 per share.
What are the terms of the 40,000 HLX RSUs granted to Brian Michael Cook?
The filing states that 40,000 restricted stock units (RSUs) were granted, each representing a contingent right to receive one share of Hornbeck Offshore common stock. These RSUs vest on September 1, 2029, at which time shares would be delivered, subject to the award terms.
Were Brian Michael Cook’s HLX equity grants made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating a trading plan, so these equity awards are reported without being pursuant to a Rule 10b5-1 trading arrangement.
What role does Brian Michael Cook hold at HLX in connection with this Form 4?
Brian Michael Cook is identified as an Executive Vice President and Chief Accounting Officer of Hornbeck Offshore Services, Inc., and he is reported as an officer of the issuer in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
