Oceaneering (OII) CEO uses 38,227 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oceaneering International President and CEO Roderick A. Larson reported a tax-related share disposition. On the Form 4, he disposed of 38,227 shares of common stock at $37.22 per share through a transaction coded “F,” which represents payment of tax liability by delivering shares rather than an open-market sale.
After this transaction, he directly owned 251,431 common shares. The filing also notes 402,279 shares held indirectly through LFV, LP, with a footnote stating he disclaims beneficial ownership of those indirectly held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LARSON RODERICK A.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 38,227 | $37.22 | $1.42M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 251,431 shares (Direct);
Common Stock — 402,279 shares (Indirect, LFV, LP)
Footnotes (1)
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FAQ
What insider transaction did OCEANEERING INTERNATIONAL (OII) CEO report on this Form 4?
The CEO, Roderick A. Larson, reported a tax-withholding disposition of 38,227 shares of common stock, using shares to cover tax liabilities rather than conducting an open-market sale, according to a transaction coded “F” on the Form 4.
What indirect OCEANEERING INTERNATIONAL (OII) holdings are associated with the CEO on this Form 4?
The Form 4 lists 402,279 OCEANEERING INTERNATIONAL common shares as indirectly held through LFV, LP. A footnote states the reporting person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest.