Hornbeck Offshore Services CEO, President and director Todd Hornbeck has ended a prearranged plan to sell up to 1,170,405 shares of the company’s common stock. The plan was terminated on November 9, and no shares had been sold under it.
The shares were awarded before Hornbeck Offshore’s merger with Helix Energy Solutions Group under Legacy Hornbeck’s 2020 management incentive plan.
- The terminated plan had been set up on September 1, 2026, to cover sales of the awarded shares.
- Ending the plan means those shares will no longer be sold through that arrangement. The announcement does not say whether Hornbeck intends to sell shares through another plan or by other means.