Todd M. Hornbeck, President and Chief Executive Officer of Hornbeck Offshore Services, Inc., filed a Form 4 on September 4, 2026, disclosing multiple equity awards granted on September 2, 2026.

Key Highlights

  • RSU Grant: 225,000 restricted stock units were acquired at $0, vesting on September 1, 2029.
  • Stock Option Grant: 675,000 stock options with an exercise price of $10.6 were granted, exercisable beginning September 1, 2029 and expiring September 2, 2036.
  • Synergy-Based PRSUs: 500,000 performance-based RSUs were granted, vesting on December 31, 2029, contingent on achieving specified target annualized gross synergies.
  • Stock Price-Based PRSUs: 500,000 performance-based RSUs were granted, with the right to receive up to two shares of Common Stock per unit, vesting across multiple dates from June 30, 2028 through December 31, 2029, contingent on achieving specified target stock prices.
  • Post-Transaction Ownership: Following the reported transactions, Hornbeck directly holds 5,669,648.112 shares of Common Stock.

Hornbeck Offshore CEO Equity Award Details From the September 2, 2026 Grants

According to the filing, Todd M. Hornbeck, who is identified as both a Director and President and Chief Executive Officer of Hornbeck Offshore Services, Inc. (ticker: HOS), received four separate equity awards on September 2, 2026. All transactions were coded as acquisitions ("A") and carried a price of $0 at grant.

The filing discloses that the 225,000 RSUs each represent "a contingent right to receive, upon vesting, one share of common stock, par value $0.00001 per share." These units vest on September 1, 2029. The 675,000 stock options have an exercise price of $10.6 per share, become exercisable on September 1, 2029, and expire on September 2, 2036. Both the RSUs and the stock options are held directly.

Two separate performance-based RSU grants were also reported. The first tranche of 500,000 PRSUs vests on December 31, 2029, based on the achievement of specified target annualized gross synergies, with each unit convertible into one share of Common Stock. The second tranche of 500,000 PRSUs may convert into up to two shares of Common Stock per unit upon vesting across six dates between June 30, 2028 and December 31, 2029, tied to specified target stock prices. The filing notes cumulative underlying shares for this second tranche at 1,000,000. The Form 4 was signed by Beth A. LaBrosse as Attorney-in-Fact for Todd M. Hornbeck.

What Was Disclosed

The filing reports four equity awards granted to the CEO of Hornbeck Offshore Services on September 2, 2026, consisting of RSUs, stock options, and two performance-based RSU tranches, with resulting direct beneficial ownership of 5,669,648.112 shares of Common Stock.