Form 4: Oceaneering International Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Laura Benjamin, SVP and Chief Innovation Officer at Oceaneering International, disposed of 3,626 shares of common stock to cover tax obligations.
Summary
- On June 23, 2024, Laura Benjamin, the SVP and Chief Innovation Officer of Oceaneering International Inc. (OII), disposed of 3,626 shares of common stock.
- The transaction was executed at a price of $22.02 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Benjamin directly owns 69,859 shares of Oceaneering International Inc.
- Benjamin also indirectly owns 8,696 shares of common stock equivalents in a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/23/2024 | Date of transaction: Laura Benjamin disposed of shares. |
| 06/24/2024 | Date of signature: Form 4 signed by Jennifer F. Simons, Attorney-in-Fact. |
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