Oceaneering (OII) SVP receives new performance and restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MERZ WILLIAM R. reported acquisition or exercise transactions in this Form 4 filing.
Oceaneering International senior vice president William R. Merz reported the award of equity-based compensation. On February 20, 2026, he received 6,422 performance stock units, each representing a contingent right to receive between zero and two shares of common stock based on specific performance targets.
On the same date, he was also granted 6,422 restricted stock units, each representing a contingent right to receive one share of common stock. These restricted stock units vest in three equal annual installments on February 20, 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MERZ WILLIAM R.
Role
SVP, Aerospace and Def. Tech.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 6,422 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 6,422 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 6,422 shares (Direct);
Restricted Stock Units — 6,422 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 William R. Merz?
Oceaneering International reported equity awards to SVP William R. Merz. He received 6,422 performance stock units and 6,422 restricted stock units on February 20, 2026, as part of his compensation, with vesting tied to performance and time-based schedules.
How many performance stock units were granted to the OII executive in this Form 4?
William R. Merz was granted 6,422 performance stock units. Each unit is a contingent right that can convert into between zero and two shares of common stock, depending on whether specific performance targets are achieved over the designated measurement period.
What are the terms of the restricted stock units granted to the OII executive?
The executive received 6,422 restricted stock units, each representing one share of common stock. These units vest in three equal annual installments on February 20, 2027, February 20, 2028, and February 20, 2029, subject to continued service and applicable plan conditions.
Do the performance stock units in the OII Form 4 have performance conditions?
Yes, the performance stock units are performance-based. Each unit represents a contingent right to receive between zero and two shares of common stock, with vesting dependent on achieving specific target levels of performance defined under the company’s incentive plan.
When do the restricted stock units reported for OII’s William R. Merz vest?
The restricted stock units vest over three years. They vest in three equal annual installments on February 20, 2027, February 20, 2028, and February 20, 2029, aligning the executive’s compensation with multi-year retention and performance objectives.
Does the OII Form 4 include previously granted unvested restricted stock units?
No, the reported total for restricted stock units excludes unvested units granted in previous years. Those earlier awards were previously reported, so this filing only reflects the new restricted stock unit grant made on February 20, 2026.