Oceaneering (NYSE: OII) SVP receives new RSU and PSU equity grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRANATO LEONARDO P reported acquisition or exercise transactions in this Form 4 filing.
Oceaneering International Inc. senior vice president Leonardo P. Granato reported receiving new equity awards. He was granted 6,492 performance stock units, each representing a contingent right to between zero and two shares of common stock based on achievement of specific performance targets. He also received 6,492 restricted stock units, each representing a contingent right to one share of common stock, which 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
GRANATO LEONARDO P
Role
SVP, IMDS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 6,492 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 6,492 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 6,492 shares (Direct);
Restricted Stock Units — 6,492 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 did OCEANEERING INTERNATIONAL INC (OII) report in this Form 4?
The filing reports equity awards to SVP Leonardo P. Granato. He received 6,492 performance stock units and 6,492 restricted stock units as part of his compensation in the form of derivative securities.
How many performance stock units were granted to the OII executive?
Leonardo P. Granato was granted 6,492 performance stock units. Each unit is a contingent right to receive between zero and two shares of Oceaneering International’s common stock, depending on the achievement of specified performance targets over time.
How many restricted stock units were granted in the OII Form 4?
The executive received 6,492 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Oceaneering International common stock, subject to the stated vesting schedule and continued service conditions described in the filing.
When do the restricted stock units for OII’s SVP vest?
The restricted stock units vest in three equal annual installments. Vesting occurs on February 20, 2027, February 20, 2028, and February 20, 2029, aligning the award with a multi-year retention and incentive horizon for the executive.
How are the performance stock units for OII determined to pay out?
Each performance stock unit may convert into between zero and two shares. The actual number of Oceaneering International shares delivered depends on achieving specific performance target levels defined under the company’s performance criteria.
Did the OII executive purchase these units on the open market?
No, the units were granted as awards, not bought in the market. The Form 4 labels both transactions with code “A” for grant, award, or other acquisition, at a price per unit of $0.0000.
Does this Form 4 include previously granted restricted stock units for OII’s SVP?
No, the reported total excludes unvested restricted stock units granted in previous years. The filing notes earlier RSU awards were previously reported in Table I of prior Form 4 submissions by the executive.