Form 4: Oceaneering International CFO Alan R. Curtis Reports Stock Disposal
SEC Form 4 Filing
Alan R. Curtis, SVP and CFO of Oceaneering International, disposed of 19,683 shares of common stock to cover tax obligations.
Summary
- On February 26, 2024, Alan R. Curtis, the SVP and CFO of Oceaneering International Inc., disposed of 19,683 shares of common stock.
- The transaction was executed at a price of $21.97 per share.
- This disposal was likely to cover tax obligations related to vesting of stock awards.
- Following the transaction, Curtis directly owns 175,214 shares of Oceaneering International Inc.
- Curtis also indirectly owns 14,061 shares of common stock equivalents in a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal transaction |
| 02/28/2024 | Date of signature on the Form 4 filing |
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