Hornbeck Offshore CEO ends 1.17M-share sale plan
The plan applied to shares awarded before the merger under Legacy Hornbeck’s management incentive plan adopted on September 4, 2020.
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Form Type
8-K
Rhea-AI Filing Summary
HORNBECK OFFSHORE SERVICES, INC. (HOS) said Todd Hornbeck, its President, Chief Executive Officer and director, terminated a 10b5-1 Trading Plan on November 9, 2026. The plan, entered into on September 1, 2026, provided for the sale of 1,170,405 shares of common stock; no shares were sold under it before termination.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Shares covered by terminated plan: 1,170,405 shares
Plan entry date: September 1, 2026
Management incentive plan adoption date: September 4, 2020
3 metrics
Shares covered by terminated plan
1,170,405 shares
Shares provided for sale under Todd Hornbeck’s plan
Plan entry date
September 1, 2026
Date Todd Hornbeck entered into the plan
Management incentive plan adoption date
September 4, 2020
Date Legacy Hornbeck adopted the plan covering the awarded shares
Key Terms
10b5-1 Trading Plan, management incentive plan
2 terms
10b5-1 Trading Plan regulatory
"terminated the 10b5-1 Trading Plan"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
management incentive plan financial
"Legacy Hornbeck's management incentive plan"
A management incentive plan is a structured pay program that rewards company executives and senior managers when they meet specific goals, using cash bonuses, stock awards, or options. It matters to investors because it helps align leaders’ actions with shareholder interests—like tying a coach’s bonus to a team’s wins—while influencing retention, risk-taking and potential share dilution, all of which can affect company performance and stock value.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 9, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 – Other Events
On November 9, 2026, Todd Hornbeck, President, Chief Executive Officer and director of Hornbeck Offshore Services, Inc., a Delaware corporation (the “Company”), terminated the 10b5-1 Trading Plan he previously entered into on September 1, 2026, providing for the sale of 1,170,405 shares of the Company’s common stock. No shares of the Company’s common stock were sold under the plan prior to termination. The prior plan covered the sale of the Company’s common stock awarded prior to the merger with Helix Energy Solutions Group, Inc. under Legacy Hornbeck's management incentive plan adopted on September 4, 2020, pursuant to the terms of the plan.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Hornbeck Offshore Services, Inc. | ||||||||
| Date: November 9, 2026 | By: | /s/ R. Potter Adams | ||||||
| R. Potter Adams | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||