Oceaneering (OII) SVP McDonald sells 70,000 shares near $38 levels
Rhea-AI Filing Summary
Oceaneering International SVP Martin J. McDonald reported selling 70,000 shares of common stock in open‑market transactions. On May 12, he sold 26,053 shares at a weighted average price of $38.33. On May 13, he sold 43,947 shares at a weighted average price of $38.49. After these sales, his direct ownership stands at 49,229 shares, down from 119,229 shares before the transactions. The sales were executed in multiple trades within price ranges disclosed as $38.20 to $38.96, and the company has offered to provide detailed trade‑level data upon request.
Positive
- None.
Negative
- None.
Insights
SVP trimmed a sizable portion of his direct stake via open‑market sales.
Senior vice president Martin J. McDonald executed two open‑market sales totaling 70,000 shares of Oceaneering International common stock at weighted average prices of $38.33 and $38.49. These are straightforward sale transactions with no associated option exercises or derivative activity reported.
Following the trades, his direct holdings decreased from 119,229 shares to 49,229 shares, indicating a notable reduction in personal exposure while still retaining a meaningful position. The filing notes that the sales occurred through multiple trades within ranges of $38.20 to $38.96, and detailed breakdowns are available upon request, which is typical transparency for such insider activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 43,947 | $38.49 | $1.69M |
| Sale | Common Stock | 26,053 | $38.33 | $999K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.200 to $38.690, inclusive. The issuer undertakes to provide, upon request by the SEC staff or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.200 to $38.960 inclusive. The issuer undertakes to provide, upon request by the SEC staff or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote to this Form 4.