What changed
Hornbeck Offshore Services granted Todd M. Hornbeck a performance-based equity award covering up to 1,500,000 shares under the 2026 Omnibus Inducement Incentive Plan. The grant was made as a material inducement to his acceptance of employment with the combined company following the merger with Helix Energy Solutions Group. Vesting is split into two tranches: 500,000 shares tied to target annualized gross synergies, and up to 1,000,000 shares tied to share price targets, in each case by year-end 2029.
Why it matters
Hornbeck Offshore Services granted Todd M. Hornbeck a performance-based equity award covering up to 1,500,000 shares under the 2026 Omnibus Inducement Incentive Plan. The grant was made as a material inducement to his acceptance of employment with the combined company following the merger with Helix Energy Solutions Group. Vesting is split into two tranches: 500,000 shares tied to target annualized gross synergies, and up to 1,000,000 shares tied to share price targets, in each case by year-end 2029.