Oceaneering (OII) HR chief granted performance and restricted stock units
Rhea-AI Filing Summary
Oceaneering International senior vice president and chief human resources officer Holly Kriendler reported equity awards in the form of performance stock units and restricted stock units. She received 7,878 performance stock units and 7,878 restricted stock units at a grant price of $0 per unit.
Each performance stock unit can convert into between zero and two shares of common stock if specific performance targets are achieved. Each restricted stock unit represents one share of common stock and vests in three equal annual installments on February 20 of 2027, 2028, and 2029. Previously granted unvested restricted stock units from prior years are excluded from the reported post-transaction totals.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kriendler Holly
Role
SVP, Chief H.R. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 7,878 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 7,878 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 7,878 shares (Direct);
Restricted Stock Units — 7,878 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F3. The restricted stock units vest in three equal annual installments on each of February 20, 2027, 2028 and 2029.
- F4. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did OII executive Holly Kriendler report in this Form 4 filing?
Holly Kriendler reported receiving equity awards consisting of performance stock units and restricted stock units. She was granted 7,878 performance stock units and 7,878 restricted stock units, both at a grant price of $0 per unit, as part of her compensation package.
How many performance stock units did Holly Kriendler receive from Oceaneering International (OII)?
She received 7,878 performance stock units. Each unit represents a contingent right to receive between zero and two shares of Oceaneering International common stock, depending on whether specific performance targets outlined in the award are achieved over the performance period.
How many restricted stock units did OII grant to Holly Kriendler and what do they represent?
Oceaneering International granted 7,878 restricted stock units to Holly Kriendler. Each restricted stock unit represents a contingent right to receive one share of the company’s common stock, subject to future vesting based on the schedule described in the award terms.
When do Holly Kriendler’s restricted stock units from OII vest?
The restricted stock units vest in three equal annual installments. Vesting dates are scheduled for February 20, 2027, February 20, 2028, and February 20, 2029, provided the applicable vesting conditions under the company’s equity plan continue to be met.
Are prior restricted stock unit grants to Holly Kriendler included in this OII Form 4 total?
No. The filing specifies that the total reported after the transaction excludes unvested restricted stock units granted in previous years. Those earlier awards were previously reported in Table I of prior Form 4 filings by the same reporting person.
Does this OII Form 4 reflect a stock purchase or sale by Holly Kriendler?
It does not reflect an open market purchase or sale. The reported transactions are grants or awards of performance stock units and restricted stock units at a price of $0, representing non-cash equity compensation rather than buy or sell transactions.