Form 4: Oceaneering International SVP Leonardo P. Granato Reports Stock Disposal

Leonardo P. Granato, SVP of IMDS at Oceaneering International, reported the disposal of 783 shares of common stock to cover tax obligations.

Summary

• On February 26, 2024, Leonardo P. Granato, SVP of IMDS at Oceaneering International Inc. (OII), reported a transaction involving the disposal of 783 shares of common stock.
• The shares were disposed of at a price of $21.97 per share.
• Following the transaction, Granato directly owns 21,860 shares of Oceaneering International Inc.
• Granato also indirectly owns 202 shares of common stock equivalents in a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports a transaction.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives and their holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Similar filings are made by executives at companies like Schlumberger (SLB), Halliburton (HAL), and Baker Hughes (BKR) when they trade their company's stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being disposed of by an individual officer.

Key Dates