Hornbeck EVP granted 210K options, 70K RSUs
HORNBECK OFFSHORE SERVICES, INC.
Rhea-AI Filing Summary
HORNBECK OFFSHORE SERVICES, INC. (HLX) reported that Executive Vice President and Chief Operating Officer, Marine Transportation and Specialty, Todd Ben received equity awards on September 2, 2026. He was granted options to purchase 210,000 shares of common stock at an exercise price of $10.60 per share, expiring on September 2, 2036, which vest on September 1, 2029. He also received 70,000 restricted stock units, each representing a right to receive one share of common stock upon vesting on September 1, 2029. No Rule 10b5-1 trading plan is reported for these awards.
Positive
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Insider Trade Summary
Grant/Award: 280,000 shares
Grant/Award
2 txns
Insider
Todd Ben
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 210,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 70,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 210,000 contracts (Direct);
Common Stock — 70,000 shares (Direct)
Footnotes (1)
- F1. Represents a grant of 70,000 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
Option shares granted: 210,000 shares
Option exercise price: $10.60 per share
Option expiration date: September 2, 2036
+5 more
8 metrics
Option shares granted
210,000 shares
Stock options for common stock granted to Todd Ben on September 2, 2026
Option exercise price
$10.60 per share
Exercise price for the 210,000 stock options granted to Todd Ben
Option expiration date
September 2, 2036
Expiration of stock options granted to Todd Ben
Option vesting date
September 1, 2029
Vesting date for the 210,000 stock options granted to Todd Ben
Restricted stock units granted
70,000 units
RSUs granted to Todd Ben, each for one share of common stock
RSU vesting date
September 1, 2029
Vesting date for the 70,000 restricted stock units granted to Todd Ben
Shares underlying options after grant
210,000 shares
Total common shares underlying options held directly by Todd Ben after the reported grant
Common shares from RSUs after grant
70,000 shares
Common shares that may be issued upon vesting of RSUs held directly by Todd Ben
Key Terms
restricted stock units, RSUs, contingent right, par value
4 terms
restricted stock units financial
"Represents a grant of 70,000 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.
RSUs financial
"grant of 70,000 restricted stock units ("RSUs"), each of which represents"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"each of which represents a contingent right to receive, upon vesting, one share"
par value financial
"one share of common stock, par value $0.00001 per share, of the Issuer"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What equity awards did HLX grant to executive Todd Ben on September 2, 2026?
Todd Ben received options for 210,000 shares of common stock at an exercise price of $10.60 per share and 70,000 restricted stock units, each convertible into one share of common stock upon vesting.
When do Todd Ben’s new stock options and RSUs from HLX vest?
Both the 210,000 stock options and the 70,000 restricted stock units granted to Todd Ben vest on September 1, 2029, according to the awards’ terms.
What is the exercise price of Todd Ben’s HLX stock options?
The stock options granted to Todd Ben have an exercise price of $10.60 per share, giving him the right to buy HLX common stock at that price once the options vest.
When do Todd Ben’s HLX stock options expire?
The stock options granted to Todd Ben expire on September 2, 2036, giving him a limited period after vesting on September 1, 2029 to exercise the options at the stated exercise price.
Was a Rule 10b5-1 trading plan used for Todd Ben’s HLX transactions?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these reported equity awards to Todd Ben.
AI-generated analysis. How Rhea-AI works. Not financial advice.
