Oceaneering (NYSE: OII) SVP receives new performance and restricted stock unit awards
Rhea-AI Filing Summary
DYER CHRISTOPHER J reported acquisition or exercise transactions in this Form 4 filing.
Oceaneering International senior vice president Christopher J. Dyer reported equity awards consisting of performance stock units and restricted stock units. He received 6,492 performance stock units, each representing a contingent right to between zero and two shares of common stock based on achieving specific performance targets.
He also received 6,492 restricted stock units, each representing a contingent right to one share of common stock. These restricted stock units vest in three equal annual installments on February 20 of 2027, 2028 and 2029. The disclosure notes that previously granted, unvested restricted stock units from earlier years are excluded from the reported post-transaction total.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 6,492 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 6,492 | $0.00 | -- |
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.