Form 4: Oceaneering International Inc. Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Philip G. Beierl, SVP at Oceaneering International, disposed of 3,588 shares of common stock on February 26, 2024, to cover tax obligations related to equity compensation.
Summary
- On February 26, 2024, Philip G. Beierl, a Senior Vice President at Oceaneering International Inc., disposed of 3,588 shares of common stock.
- The transaction was executed to satisfy tax obligations.
- Following the transaction, Beierl directly owns 54,925 shares of Oceaneering International Inc.
- Beierl also indirectly owns 30,770 shares of common stock equivalents in a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
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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