Oceaneering (NYSE: OII) VP awarded performance and restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dunn Catherine E reported acquisition or exercise transactions in this Form 4 filing.
Oceaneering International reported that VP and Chief Accounting Officer Catherine E. Dunn received equity-based awards. She was granted 3,317 performance stock units, each representing a contingent right to receive between zero and two shares of common stock based on achieving specific performance targets. She also received 3,317 restricted stock units, each representing a contingent right to one share of common stock, vesting in three equal annual installments on February 20, 2027, 2028 and 2029. These awards were granted at a price of $0.00 per unit and are reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dunn Catherine E
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 3,317 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,317 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 3,317 shares (Direct);
Restricted Stock Units — 3,317 shares (Direct)
Footnotes (1)
- Each performance stock unit represents a contingent right to receive between zero and two shares of the Company's common stock. The performance stock units vest upon achievement of specific target levels of performance. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. The restricted stock units vest in three equal annual installments on each of February 20, 2027, 2028 and 2029. The reported transaction involved the receipt of a grant of restricted stock units by the reported person. The total reported in Column 9 excludes unvested restricted stock units that were granted in previous years, as the reporting person has previously reported awards of restricted stock units in Table I of Form 4.
FAQ
What insider transactions did OCEANEERING INTERNATIONAL INC (OII) report for Catherine E. Dunn?
Oceaneering International reported that VP and Chief Accounting Officer Catherine E. Dunn received grants of 3,317 performance stock units and 3,317 restricted stock units. Both awards were granted at $0.00 per unit and are reported as directly owned equity incentives.
How many performance stock units did Catherine E. Dunn acquire at OII and how do they work?
Catherine E. Dunn acquired 3,317 performance stock units at Oceaneering International. Each unit represents a contingent right to receive between zero and two shares of common stock, depending on achieving specific target levels of performance set by the company’s compensation framework.
What restricted stock unit grant did OCEANEERING INTERNATIONAL INC (OII) award to Catherine E. Dunn?
Oceaneering International awarded Catherine E. Dunn 3,317 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the company’s common stock, subject to vesting conditions over a defined multi-year schedule beginning in 2027.
When do Catherine E. Dunn’s restricted stock units at OII vest?
Catherine E. Dunn’s 3,317 restricted stock units vest in three equal annual installments. The vesting dates are February 20, 2027, February 20, 2028, and February 20, 2029, aligning the award with longer-term retention and performance incentives.
Are the newly granted restricted stock units Dunn’s only OII equity holdings?
No. A footnote clarifies that the total reported for restricted stock units excludes unvested units granted in previous years. Those earlier awards were previously reported, so this filing only reflects the newly granted 3,317 restricted stock units from the latest award.