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Hornbeck Offshore grants Todd Hornbeck up to 1.5M shares tied to merger and performance goals.

Company Fundamentals
04 Sep 2026
PRNewsWire
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Bullish
Hornbeck Offshore grants Todd Hornbeck up to 1.5M shares tied to merger and performance goals.

Hornbeck Offshore Services awarded Todd M. Hornbeck a performance-based equity grant of up to 1.5 million shares as part of its merger with Helix Energy Solutions. The grant, approved by the board, vests in two parts: 500,000 shares upon achieving target annualized gross synergies and up to 1 million shares based on share price targets by the end of 2029. This award incentivizes Mr. Hornbeck's continued leadership in the combined company, aligning his interests with shareholder value creation post-merger.

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